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Noble Corp Plc (NYSE: NE) closed the day trading at $38.59 up 0.31% from the previous closing price of $38.47. In other words, the price has increased by $0.31 from its previous closing price. On the day, 1.19 million shares were traded. NE stock price reached its highest trading level at $39.1399 during the session, while it also had its lowest trading level at $38.53.
Ratios:
For a better understanding of NE, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 32.74 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 48.66. For the most recent quarter (mrq), Quick Ratio is recorded 1.55 and its Current Ratio is at 1.55. In the meantime, Its Debt-to-Equity ratio is 0.16 whereas as Long-Term Debt/Eq ratio is at 0.16.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 12 ’24 when APMH Invest A/S bought 324,984 shares for $45.53 per share. The transaction valued at 14,796,522 led to the insider holds 28,916,258 shares of the business.
APMH Invest A/S bought 208,589 shares of NE for $9,251,072 on Jul 11 ’24. The 10% Owner now owns 28,591,274 shares after completing the transaction at $44.35 per share. On Jul 15 ’24, another insider, APMH Invest A/S, who serves as the 10% Owner of the company, bought 104,445 shares for $46.63 each. As a result, the insider paid 4,870,429 and bolstered with 29,020,703 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 5515244544 and an Enterprise Value of 5974432256. As of this moment, Noble’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.40, and their Forward P/E ratio for the next fiscal year is 7.21. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.23. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.07 while its Price-to-Book (P/B) ratio in mrq is 1.38. Its current Enterprise Value per Revenue stands at 2.34 whereas that against EBITDA is 6.366.
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 $38.45. The 50-Day Moving Average of the stock is -12.30%, while the 200-Day Moving Average is calculated to be -15.07%.
Shares Statistics:
Over the past 3-months, NE traded about 1.32M shares per day on average, while over the past 10 days, NE traded about 1358930 shares per day. A total of 140.77M shares are outstanding, with a floating share count of 110.86M. Insiders hold about 22.43% of the company’s shares, while institutions hold 74.05% stake in the company. Shares short for NE as of 1722384000 were 10594594 with a Short Ratio of 8.00, compared to 1719532800 on 8290101. Therefore, it implies a Short% of Shares Outstanding of 10594594 and a Short% of Float of 9.34.
Dividends & Splits
NE’s forward annual dividend rate is 1.20, up from 1.5 a year ago. Against a Trailing Annual Dividend Yield of 0.03899142
