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The closing price of Noble Corp Plc (NYSE: NE) was $43.49 for the day, down -2.51% from the previous closing price of $44.61. In other words, the price has decreased by -$2.51 from its previous closing price. On the day, 0.64 million shares were traded. NE stock price reached its highest trading level at $45.12 during the session, while it also had its lowest trading level at $44.015.
Ratios:
Our analysis of NE’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 28.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.59. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 22 ’24 when APMH Invest A/S bought 192,156 shares for $46.45 per share. The transaction valued at 8,925,185 led to the insider holds 28,082,685 shares of the business.
Barker Richard B. bought 1,994 shares of NE for $95,692 on Mar 21 ’24. The EVP and CFO now owns 241,336 shares after completing the transaction at $47.99 per share. On Mar 11 ’24, another insider, ALTING CAROLINE, who serves as the SVP, Ops. Excellence & Sust of the company, sold 7,274 shares for $44.60 each. As a result, the insider received 324,410 and left with 0 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 6354940928 and an Enterprise Value of 6725396480. As of this moment, Noble’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.52, and their Forward P/E ratio for the next fiscal year is 7.87. 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 2.38 while its Price-to-Book (P/B) ratio in mrq is 1.59. Its current Enterprise Value per Revenue stands at 2.691 whereas that against EBITDA is 7.869.
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 $41.02. The 50-Day Moving Average of the stock is -4.15%, while the 200-Day Moving Average is calculated to be -6.03%.
Shares Statistics:
NE traded an average of 1.14M shares per day over the past three months and 1313490 shares per day over the past ten days. A total of 140.77M shares are outstanding, with a floating share count of 112.96M. Insiders hold about 20.94% of the company’s shares, while institutions hold 71.90% stake in the company. Shares short for NE as of 1718323200 were 7011650 with a Short Ratio of 6.17, compared to 1715731200 on 6145939. Therefore, it implies a Short% of Shares Outstanding of 7011650 and a Short% of Float of 6.1899999999999995.
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 0.02465815
