For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
In the latest session, Noble Corp Plc (NYSE: NE) closed at $33.87 up 1.20% from its previous closing price of $33.47. In other words, the price has increased by $1.20 from its previous closing price. On the day, 1.84 million shares were traded. NE stock price reached its highest trading level at $34.105 during the session, while it also had its lowest trading level at $33.12.
Ratios:
For a deeper understanding of Noble Corp Plc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.58. For the most recent quarter (mrq), Quick Ratio is recorded 1.57 and its Current Ratio is at 1.57. In the meantime, Its Debt-to-Equity ratio is 0.42 whereas as Long-Term Debt/Eq ratio is at 0.42.
On November 28, 2023, CapitalOne started tracking the stock assigning a Overweight rating and target price of $62.CapitalOne initiated its Overweight rating on November 28, 2023, with a $62 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 11 ’24 when Kawaja Joey M sold 30,000 shares for $35.76 per share. The transaction valued at 1,072,800 led to the insider holds 83,208 shares of the business.
Denton Blake sold 30,000 shares of NE for $1,071,600 on Nov 11 ’24. The SVP, Marketing & Contracts now owns 83,208 shares after completing the transaction at $35.72 per share. On Nov 11 ’24, another insider, Denton Blake, who serves as the Officer of the company, bought 30,000 shares for $35.00 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NE now has a Market Capitalization of 5432172544 and an Enterprise Value of 7107128320. As of this moment, Noble’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.91, and their Forward P/E ratio for the next fiscal year is 10.34. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.32. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.96 while its Price-to-Book (P/B) ratio in mrq is 1.16. Its current Enterprise Value per Revenue stands at 2.686 whereas that against EBITDA is 7.51.
Stock Price History:
Over the past 52 weeks, NE has reached a high of $52.15, while it has fallen to a 52-week low of $31.00. The 50-Day Moving Average of the stock is -1.29%, while the 200-Day Moving Average is calculated to be -18.39%.
Shares Statistics:
For the past three months, NE has traded an average of 2.43M shares per day and 1663740 over the past ten days. A total of 160.34M shares are outstanding, with a floating share count of 126.58M. Insiders hold about 21.07% of the company’s shares, while institutions hold 80.12% stake in the company. Shares short for NE as of 1731628800 were 11507216 with a Short Ratio of 4.74, compared to 1728950400 on 11135388. Therefore, it implies a Short% of Shares Outstanding of 11507216 and a Short% of Float of 8.790000000000001.
Dividends & Splits
According to the company, the forward annual dividend rate for NE is 1.30, from 1.7 in the trailing year. Against a Trailing Annual Dividend Yield of 0.05079175
