Noble Corp Plc (NYSE: NE) is -26.31% lower on its value in year-to-date trading and has touched a low of $23.24 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 $23.61 in the last trading session, with the day’s loss setting it -0.47%.
Currently trading at $23.14, the stock is -18.92% and -24.39% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.44 million and changing -1.99% at the moment leaves the stock -37.12% off its SMA200. NE registered -44.65% loss for a year compared to 6-month loss of -38.93%.
The stock witnessed a -27.80% gain in the last 1 month and extending the period to 3 months gives it a -30.78%, and is -13.79% 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 5.80% over the week and 4.49% over the month.
Noble Corp Plc (NE) has around 6400 employees, a market worth around $3.68B and $3.06B in sales. Current P/E ratio is 7.75 and Fwd P/E is 8.30. Profit margin for the company is 14.66%. Distance from 52-week low is -0.41% and -55.63% from its 52-week high. The company has generated returns on investments over the last 12 months (6.69%).
with sales reaching $869.39M over the same period.The EPS is expected to shrink by -21.96% this year, but quarterly earnings will post 12.04% year-over-year. Quarterly sales are estimated to grow 36.46% in year-over-year returns.
Noble Corp Plc (NE) Top Institutional Holders
The shares outstanding are 158.95M, and float is at 125.34M with Short Float at 8.73%.
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
A total of 0 insider transactions have happened at Noble Corp Plc (NE) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider purchase by SLEDGE CHARLES M,the company’sDirector. SEC filings show that SLEDGE CHARLES M bought 8,992 shares of the company’s common stock on Feb 20 ’25 at a price of $27.83 per share for a total of $0.25 million. Following the purchase, the insider now owns 38361.0 shares.
Noble Corp Plc disclosed in a document filed with the SEC on Feb 20 ’25 that Barker Richard B. (EVP and CFO) bought a total of 8,000 shares of the company’s common stock. The trade occurred on Feb 20 ’25 and was made at $27.94 per share for $0.22 million. Following the transaction, the insider now directly holds 0.3 million shares of the NE stock.
Still, SEC filings show that on Feb 20 ’25, Eifler Robert W. (President & CEO) acquired 12,568 shares at an average price of $27.85 for $0.35 million. The insider now directly holds 1,236,365 shares of Noble Corp Plc (NE).
