Noble Corp Plc (NYSE: NE) is -7.39% lower on its value in year-to-date trading and has touched a low of $34.85 and a high of $55.34 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NE stock was last observed hovering at around $43.28 in the last trading session, with the day’s gains setting it 1.32%.
Currently trading at $44.60, the stock is 2.86% and -0.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.19 million and changing 3.05% at the moment leaves the stock -3.89% off its SMA200. NE registered 2.91% gain for a year compared to 6-month loss of -14.95%. The firm has a 50-day simple moving average (SMA 50) of $2.55 and a 200-day simple moving average (SMA200) of $8.61.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 2.04% gain in the last 1 month and extending the period to 3 months gives it a 2.34%, and is 6.67% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.92% over the week and 2.87% over the month.
Noble Corp Plc (NE) has around 5300 employees, a market worth around $6.11B and $2.59B in sales. Current P/E ratio is 13.52 and Fwd P/E is 7.32. Profit margin for the company is 18.61%. Distance from 52-week low is 27.98% and -19.41% from its 52-week high. The company has generated returns on investments over the last 12 months (10.66%).
Noble Corp Plc quarterly earnings per share for the current quarter are estimated at $0.54 with sales reaching $588.95M over the same period.The EPS is expected to grow by 15.14% this year, but quarterly earnings will post 3.70% year-over-year. Quarterly sales are estimated to shrink -85.80% in year-over-year returns.
390 institutions hold shares in Noble Corp Plc (NE), with institutional investors hold 90.73% of the company’s shares. The shares outstanding are 140.77M, and float is at 107.24M with Short Float at 6.22%. Institutions hold 70.90% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 11.24 million shares valued at $501.49 million. The investor’s holdings represent 7.88% of the NE Shares outstanding. As of Dec 30, 2023, the second largest holder is Blackrock Inc. with 8.39 million shares valued at $374.26 million to account for 5.88% of the shares outstanding. The other top investors are Orbis Allan Gray Ltd which holds 5.63 million shares representing 3.94% and valued at over $251.15 million, while Price (T.Rowe) Associates Inc holds 3.87% of the shares totaling 5.53 million with a market value of $246.57 million.
Noble Corp Plc (NE) Insider Activity
The most recent transaction is an insider sale by Barker Richard B., the company’s EVP and CFO. SEC filings show that Barker Richard B. sold 45,000 shares of the company’s common stock on Feb 26 ’24 at a price of $42.43 per share for a total of $1.91 million. Following the sale, the insider now owns 0.24 million shares.
Noble Corp Plc disclosed in a document filed with the SEC on Sep 05 ’23 that ALTING CAROLINE (SVP, Operational Excellence) sold a total of 3,138 shares of the company’s common stock. The trade occurred on Sep 05 ’23 and was made at $51.96 per share for $0.16 million. Following the transaction, the insider now directly holds 1553.0 shares of the NE stock.
Still, SEC filings show that on Jun 07 ’23, Denton Blake (SVP, Marketing & Contracts) disposed off 15,719 shares at an average price of $40.45 for $0.64 million. The insider now directly holds 0 shares of Noble Corp Plc (NE).
