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Noble Corp Plc (NYSE: NE) closed the day trading at $32.63 up 1.91% from the previous closing price of $32.02. In other words, the price has increased by $1.91 from its previous closing price. On the day, 1.25 million shares were traded. NE stock price reached its highest trading level at $32.835 during the session, while it also had its lowest trading level at $31.955.
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 12.92 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.69. 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.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Evercore ISI on January 15, 2025, Downgraded its rating to In-line and sets its target price to $41 from $64 previously.
On December 06, 2024, JP Morgan started tracking the stock assigning a Neutral rating and target price of $37.
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 Jan 26 ’25 when ALTING CAROLINE sold 1,618 shares for $33.45 per share. The transaction valued at 54,122 led to the insider holds 2,004 shares of the business.
Kawaja Joey M sold 30,000 shares of NE for $1,072,800 on Nov 11 ’24. The SVP, Operations now owns 83,208 shares after completing the transaction at $35.76 per share. On Nov 11 ’24, another insider, Denton Blake, who serves as the SVP, Marketing & Contracts of the company, sold 30,000 shares for $35.72 each. As a result, the insider received 1,071,600 and left with 83,208 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 5233297920 and an Enterprise Value of 6908269056. As of this moment, Noble’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.55, and their Forward P/E ratio for the next fiscal year is 11.44. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.24. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.89 while its Price-to-Book (P/B) ratio in mrq is 1.12. Its current Enterprise Value per Revenue stands at 2.611 whereas that against EBITDA is 7.3.
Stock Price History:
The Beta on a monthly basis for NE is 1.00, which has changed by -0.26170164 over the last 52 weeks, in comparison to a change of 0.21794415 over the same period for the S&P500. Over the past 52 weeks, NE has reached a high of $52.15, while it has fallen to a 52-week low of $28.40. The 50-Day Moving Average of the stock is 0.52%, while the 200-Day Moving Average is calculated to be -15.68%.
Shares Statistics:
Over the past 3-months, NE traded about 1.81M shares per day on average, while over the past 10 days, NE traded about 1416110 shares per day. A total of 160.34M shares are outstanding, with a floating share count of 126.60M. Insiders hold about 21.06% of the company’s shares, while institutions hold 80.32% stake in the company. Shares short for NE as of 1736899200 were 9940561 with a Short Ratio of 5.48, compared to 1734048000 on 10127839. Therefore, it implies a Short% of Shares Outstanding of 9940561 and a Short% of Float of 7.6.
Dividends & Splits
NE’s forward annual dividend rate is 1.80, up from 1.7 a year ago. Against a Trailing Annual Dividend Yield of 0.053091817
