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Noble Corp Plc (NYSE: NE) closed the day trading at $30.27 down -2.01% from the previous closing price of $30.89. In other words, the price has decreased by -$2.01 from its previous closing price. On the day, 2.1 million shares were traded. NE stock price reached its highest trading level at $30.675 during the session, while it also had its lowest trading level at $29.715.
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 11.99 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.05. 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 this company, JP Morgan on December 06, 2024, initiated with a Neutral rating and assigned the stock a 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 Nov 11 ’24 when Kawaja Joey M sold 30,000 shares for $35.76 per share. The transaction valued at 1,072,800 led to the insider holds 83,208 shares of the business.
Denton Blake sold 30,000 shares of NE for $1,071,600 on Nov 11 ’24. The SVP, Marketing & Contracts now owns 83,208 shares after completing the transaction at $35.72 per share. On Nov 11 ’24, another insider, Denton Blake, who serves as the Officer of the company, bought 30,000 shares for $35.00 each.
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 4854793728 and an Enterprise Value of 6629224448. As of this moment, Noble’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.86, and their Forward P/E ratio for the next fiscal year is 9.71. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.29. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.75 while its Price-to-Book (P/B) ratio in mrq is 1.04. Its current Enterprise Value per Revenue stands at 2.505 whereas that against EBITDA is 7.005.
Stock Price History:
Over the past 52 weeks, NE has reached a high of $52.15, while it has fallen to a 52-week low of $30.25. The 50-Day Moving Average of the stock is -9.14%, while the 200-Day Moving Average is calculated to be -26.00%.
Shares Statistics:
Over the past 3-months, NE traded about 2.12M shares per day on average, while over the past 10 days, NE traded about 1669390 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 80.35% stake in the company. Shares short for NE as of 1732838400 were 10619957 with a Short Ratio of 5.02, compared to 1730332800 on 10470295. Therefore, it implies a Short% of Shares Outstanding of 10619957 and a Short% of Float of 8.1199996.
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 0.055033993
