Noble Corp Plc [NE] stock is trading at $33.96, up 2.91%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NE shares have gain 2.57% over the last week, with a monthly amount glided 4.01%, and seem to be holding up well over a long-time horizon.
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.
Noble Corp Plc [NE] stock has fluctuated between $28.40 and $52.15 over the past year. Currently, Wall Street analysts expect the stock to reach $48 within the next 12 months. Noble Corp Plc [NYSE: NE] shares were valued at $33.96 at the most recent close of the market. An investor can expect a potential return of 41.34% based on the average NE price forecast.
Analyzing the NE fundamentals
Noble Corp Plc [NYSE:NE] reported sales of 2.77B for the trailing twelve months, which represents a growth of 14.78%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.42.
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 33.24 points at the first support level, and at 32.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.35, and for the 2nd resistance point, it is at 34.75.
Ratios To Look Out For
For context, Noble Corp Plc’s Current Ratio is 1.57. Further, the Quick Ratio stands at 1.57, while the Cash Ratio is 0.44. Considering the valuation of this stock, the price to sales ratio is 1.96, the price to book ratio is 1.16 and price to earnings (TTM) ratio is 9.93.
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.
