Noble Corp Plc (NYSE: NE) is 2.07% higher on its value in year-to-date trading and has touched a low of $28.40 and a high of $52.15 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NE stock was last observed hovering at around $32.63 in the last trading session, with the day’s loss setting it -0.58%.
Currently trading at $32.05, the stock is -3.09% and -1.16% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.11 million and changing -1.78% at the moment leaves the stock -17.01% off its SMA200. NE registered -28.64% loss for a year compared to 6-month loss of -32.13%. The firm has a 50-day simple moving average (SMA 50) of $32.4254 and a 200-day simple moving average (SMA200) of $38.61725.
The stock witnessed a 5.43% gain in the last 1 month and extending the period to 3 months gives it a 2.66%, and is -3.61% down 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 3.10% over the week and 2.94% over the month.
Noble Corp Plc (NE) has around 5300 employees, a market worth around $5.14B and $2.77B in sales. Current P/E ratio is 9.38 and Fwd P/E is 11.23. Profit margin for the company is 18.08%. Distance from 52-week low is 12.85% and -38.55% from its 52-week high. The company has generated returns on investments over the last 12 months (7.52%).
with sales reaching $874.9M over the same period.The EPS is expected to shrink by -13.86% this year, but quarterly earnings will post 15.47% year-over-year. Quarterly sales are estimated to grow 36.07% in year-over-year returns.
Noble Corp Plc (NE) Top Institutional Holders
417.0 institutions hold shares in Noble Corp Plc (NE), with institutional investors hold 98.91% of the company’s shares. The shares outstanding are 160.34M, and float is at 126.56M with Short Float at 7.85%. Institutions hold 78.48% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 11.95 million shares valued at $533.44 million. The investor’s holdings represent 8.4698% of the NE Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 8.43 million shares valued at $376.28 million to account for 5.9745 of the shares outstanding. The other top investors are ORBIS ALLAN GRAY LTD which holds 7.59 million shares representing 5.3836% and valued at over $339.06 million, while PRICE T ROWE ASSOCIATES INC /MD/ holds 3.8084 of the shares totaling 5.37 million with a market value of $239.86 million.
Noble Corp Plc (NE) Insider Activity
The most recent transaction is an insider sale by ALTING CAROLINE, the company’s SVP, Ops. Excellence & Sust. SEC filings show that ALTING CAROLINE sold 1,618 shares of the company’s common stock on Jan 26 ’25 at a price of $33.45 per share for a total of $54122.0. Following the sale, the insider now owns 2004.0 shares.
Noble Corp Plc disclosed in a document filed with the SEC on Nov 11 ’24 that Kawaja Joey M (SVP, Operations) sold a total of 30,000 shares of the company’s common stock. The trade occurred on Nov 11 ’24 and was made at $35.76 per share for $1.07 million. Following the transaction, the insider now directly holds 83208.0 shares of the NE stock.
Still, SEC filings show that on Nov 11 ’24, Denton Blake (SVP, Marketing & Contracts) disposed off 30,000 shares at an average price of $35.72 for $1.07 million. The insider now directly holds 83,208 shares of Noble Corp Plc (NE).
