Noble Corp Plc (NYSE: NE) is -11.11% lower on its value in year-to-date trading and has touched a low of $27.62 and a high of $52.15 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 $27.79 in the last trading session, with the day’s gains setting it 0.12%.
Currently trading at $27.91, the stock is -10.63% and -11.54% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.42 million and changing 0.43% at the moment leaves the stock -25.83% off its SMA200. NE registered -35.51% loss for a year compared to 6-month loss of -27.68%.
The stock witnessed a -16.56% gain in the last 1 month and extending the period to 3 months gives it a -17.43%, and is -8.43% 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 4.45% over the week and 3.32% over the month.
Noble Corp Plc (NE) has around 5300 employees, a market worth around $4.48B and $3.06B in sales. Current P/E ratio is 9.36 and Fwd P/E is 8.39. Profit margin for the company is 14.66%. Distance from 52-week low is 1.05% and -46.49% from its 52-week high. The company has generated returns on investments over the last 12 months (6.76%).
with sales reaching $869.11M over the same period.The EPS is expected to shrink by -6.24% this year, but quarterly earnings will post 10.14% year-over-year. Quarterly sales are estimated to grow 36.42% in year-over-year returns.
The shares outstanding are 160.38M, and float is at 126.28M with Short Float at 8.56%.
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 5.3158 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 purchase by Barker Richard B., the company’s EVP and CFO. SEC filings show that Barker Richard B. bought 8,000 shares of the company’s common stock on Feb 20 ’25 at a price of $27.94 per share for a total of $0.22 million. Following the purchase, the insider now owns 0.3 million shares.
Noble Corp Plc disclosed in a document filed with the SEC on Feb 20 ’25 that Eifler Robert W. (President & CEO) bought a total of 12,568 shares of the company’s common stock. The trade occurred on Feb 20 ’25 and was made at $27.85 per share for $0.35 million. Following the transaction, the insider now directly holds 1.24 million shares of the NE stock.
Still, SEC filings show that on Feb 03 ’25, Kawaja Joey M (SVP, Operations) disposed off 1,435 shares at an average price of $31.47 for $45159.0. The insider now directly holds 113,464 shares of Noble Corp Plc (NE).
