At the time of writing, Noble Corp Plc [NE] stock is trading at $31.98, up 1.20%. An important factor to consider is whether the stock is rising or falling in short-term value. The NE shares have lost -0.56% over the last week, with a monthly amount drifted -12.65%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Noble Corp Plc [NYSE: NE] stock has seen the most recent analyst activity on October 15, 2024, when The Benchmark Company downgraded its rating to a Hold. On November 28, 2023, CapitalOne initiated with a Overweight rating and assigned a price target of $62 on the stock. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $64 on July 05, 2023. The Benchmark Company initiated its recommendation with a Buy and recommended $50 as its price target on January 19, 2023. BTIG Research upgraded its rating to Buy for this stock on June 01, 2022, but kept the price target unchanged to $60.
For the past year, the stock price of Noble Corp Plc fluctuated between $31.00 and $52.15. Currently, Wall Street analysts expect the stock to reach $57.5 within the next 12 months. Noble Corp Plc [NYSE: NE] shares were valued at $31.98 at the most recent close of the market. An investor can expect a potential return of 79.8% based on the average NE price forecast.
Analyzing the NE fundamentals
According to Noble Corp Plc [NYSE:NE], the company’s sales were 2.67B for trailing twelve months, which represents an 8.51% jump. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.24%, and Net Profit Margin reading is 0.22%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.15 and Total Capital is 0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.17.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 31.73 points at the first support level, and at 31.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.41, and for the 2nd resistance point, it is at 32.85.
Ratios To Look Out For
It is important to note that Noble Corp Plc [NYSE:NE] has a current ratio of 1.55. On the other hand, the Quick Ratio is 1.55, and the Cash Ratio is 0.26. Considering the valuation of this stock, the price to sales ratio is 1.92, the price to book ratio is 1.15 and price to earnings (TTM) ratio is 7.79.
Transactions by insiders
Recent insider trading involved APMH Invest A/S, 10% Owner, that happened on Jul 12 ’24 when 0.32 million shares were purchased. 10% Owner, APMH Invest A/S completed a deal on Jul 11 ’24 to buy 0.21 million shares. Meanwhile, 10% Owner APMH Invest A/S bought 0.1 million shares on Jul 15 ’24.
