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As of close of business last night, Noble Corp Plc’s stock clocked out at $47.70, up 3.94% from its previous closing price of $45.89. In other words, the price has increased by $3.94 from its previous closing price. On the day, 1.43 million shares were traded. NE stock price reached its highest trading level at $48.15 during the session, while it also had its lowest trading level at $45.691.
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 31.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.98. For the most recent quarter (mrq), Quick Ratio is recorded 1.61 and its Current Ratio is at 1.61. In the meantime, Its Debt-to-Equity ratio is 0.15 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 Jul 15 ’24 when APMH Invest A/S bought 104,445 shares for $46.63 per share. The transaction valued at 4,870,429 led to the insider holds 29,020,703 shares of the business.
APMH Invest A/S bought 324,984 shares of NE for $14,796,522 on Jul 12 ’24. The 10% Owner now owns 28,916,258 shares after completing the transaction at $45.53 per share. On Jul 11 ’24, another insider, APMH Invest A/S, who serves as the 10% Owner of the company, bought 208,589 shares for $44.35 each. As a result, the insider paid 9,251,072 and bolstered with 28,591,274 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 6816520704 and an Enterprise Value of 7186707456. As of this moment, Noble’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.83, and their Forward P/E ratio for the next fiscal year is 8.63. 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 2.61 while its Price-to-Book (P/B) ratio in mrq is 1.74. Its current Enterprise Value per Revenue stands at 2.876 whereas that against EBITDA is 8.409.
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 $41.23. The 50-Day Moving Average of the stock is 5.08%, while the 200-Day Moving Average is calculated to be 3.91%.
Shares Statistics:
It appears that NE traded 1.16M shares on average per day over the past three months and 1248370 shares per day over the past ten days. A total of 140.77M shares are outstanding, with a floating share count of 110.91M. Insiders hold about 22.39% of the company’s shares, while institutions hold 74.59% stake in the company. Shares short for NE as of 1721001600 were 9799733 with a Short Ratio of 8.48, compared to 1718323200 on 7011650. Therefore, it implies a Short% of Shares Outstanding of 9799733 and a Short% of Float of 8.64.
Dividends & Splits
With its trailing 12-month dividend rate of 1.1, NE has a forward annual dividend rate of 1.50. Against a Trailing Annual Dividend Yield of 0.023970366
