Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
As of close of business last night, Noble Corp Plc’s stock clocked out at $43.65, down -1.64% from its previous closing price of $44.38. In other words, the price has decreased by -$1.64 from its previous closing price. On the day, 0.74 million shares were traded. NE stock price reached its highest trading level at $44.875 during the session, while it also had its lowest trading level at $43.56.
Ratios:
To gain a deeper understanding of NE’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.27 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 36.32. For the most recent quarter (mrq), Quick Ratio is recorded 1.65 and its Current Ratio is at 1.65. In the meantime, Its Debt-to-Equity ratio is 0.16 whereas as Long-Term Debt/Eq ratio is at 0.15.
On November 28, 2023, CapitalOne started tracking the stock assigning a Overweight rating and target price of $62.
On July 05, 2023, Citigroup started tracking the stock assigning a Buy rating and target price of $64.Citigroup initiated its Buy rating on July 05, 2023, with a $64 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 11 ’24 when ALTING CAROLINE sold 7,274 shares for $44.60 per share. The transaction valued at 324,410 led to the insider holds 0 shares of the business.
Barker Richard B. sold 45,000 shares of NE for $1,909,350 on Feb 26 ’24. The EVP and CFO now owns 239,342 shares after completing the transaction at $42.43 per share. On Sep 05 ’23, another insider, ALTING CAROLINE, who serves as the SVP, Operational Excellence of the company, sold 3,138 shares for $51.96 each. As a result, the insider received 163,050 and left with 1,553 shares of the company.
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 6234136576 and an Enterprise Value of 6482842624. As of this moment, Noble’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.23, and their Forward P/E ratio for the next fiscal year is 7.83. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.21. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.31 while its Price-to-Book (P/B) ratio in mrq is 1.57. Its current Enterprise Value per Revenue stands at 2.633 whereas that against EBITDA is 8.004.
Stock Price History:
Over the past 52 weeks, NE has reached a high of $55.34, while it has fallen to a 52-week low of $34.85. The 50-Day Moving Average of the stock is -5.98%, while the 200-Day Moving Average is calculated to be -8.47%.
Shares Statistics:
It appears that NE traded 1.13M shares on average per day over the past three months and 927850 shares per day over the past ten days. A total of 140.77M shares are outstanding, with a floating share count of 107.24M. Insiders hold about 21.77% of the company’s shares, while institutions hold 73.33% stake in the company. Shares short for NE as of 1713139200 were 7331646 with a Short Ratio of 6.48, compared to 1710460800 on 6585504. Therefore, it implies a Short% of Shares Outstanding of 7331646 and a Short% of Float of 6.47.
Dividends & Splits
With its trailing 12-month dividend rate of 0.7, NE has a forward annual dividend rate of 1.10. Against a Trailing Annual Dividend Yield of 0.01577287
