At the time of writing, Noble Corp Plc [NE] stock is trading at $30.40, up 2.53%. An important factor to consider is whether the stock is rising or falling in short-term value. The NE shares have gain 5.41% over the last week, with a monthly amount drifted -9.06%, 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 December 06, 2024, when JP Morgan initiated its Neutral rating and assigned the stock a price target of $37. Previously, The Benchmark Company downgraded its rating to Hold on October 15, 2024. CapitalOne started tracking the stock assigning a Overweight rating and suggested a price target of $62 on November 28, 2023. Citigroup initiated its recommendation with a Buy and recommended $64 as its price target on July 05, 2023. The Benchmark Company started tracking with a Buy rating for this stock on January 19, 2023, and assigned it a price target of $50. In a note dated June 01, 2022, BTIG Research upgraded an Buy rating on this stock but restated the target price of $60.
For the past year, the stock price of Noble Corp Plc fluctuated between $28.40 and $52.15. Currently, Wall Street analysts expect the stock to reach $48 within the next 12 months. Noble Corp Plc [NYSE: NE] shares were valued at $30.40 at the most recent close of the market. An investor can expect a potential return of 57.89% based on the average NE price forecast.
Analyzing the NE fundamentals
According to Noble Corp Plc [NYSE:NE], the company’s sales were 2.77B for trailing twelve months, which represents an 14.78% jump. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.12 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.42.
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 29.55 points at the first support level, and at 28.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.04, and for the 2nd resistance point, it is at 31.69.
Ratios To Look Out For
It is important to note that Noble Corp Plc [NYSE:NE] has a current ratio of 1.57. On the other hand, the Quick Ratio is 1.57, and the Cash Ratio is 0.44. Considering the valuation of this stock, the price to sales ratio is 1.74, the price to book ratio is 1.04 and price to earnings (TTM) ratio is 8.89.
Transactions by insiders
Recent insider trading involved Kawaja Joey M, SVP, Operations, that happened on Nov 11 ’24 when 30000.0 shares were sold. SVP, Marketing & Contracts, Denton Blake completed a deal on Nov 11 ’24 to sell 30000.0 shares. Meanwhile, Officer Denton Blake bought 30000.0 shares on Nov 11 ’24.
