Noble Corp Plc [NE] stock is trading at $23.02, down -0.65%. 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 2.22% over the last week, with a monthly amount drifted -27.68%, and not 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 January 15, 2025, when Evercore ISI downgraded its rating to a In-line and also revised its price target to $41 from $64. Previously, JP Morgan started tracking the stock with Neutral rating on December 06, 2024, and set its price target to $37. On October 15, 2024, downgrade downgraded it’s rating to Hold. CapitalOne initiated its recommendation with a Overweight and recommended $62 as its price target on November 28, 2023. Citigroup started tracking with a Buy rating for this stock on July 05, 2023, and assigned it a price target of $64. In a note dated January 19, 2023, The Benchmark Company initiated an Buy rating and provided a target price of $50 on this stock.
Noble Corp Plc [NE] stock has fluctuated between $22.05 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 $23.02 at the most recent close of the market. An investor can expect a potential return of 108.51% based on the average NE price forecast.
Analyzing the NE fundamentals
Noble Corp Plc [NYSE:NE] reported sales of 3.06B for the trailing twelve months, which represents a growth of 44.23%. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.1 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.43.
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 22.82 points at the first support level, and at 22.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.42, and for the 2nd resistance point, it is at 23.82.
Ratios To Look Out For
For context, Noble Corp Plc’s Current Ratio is 1.48. Further, the Quick Ratio stands at 1.48, while the Cash Ratio is 0.31. Considering the valuation of this stock, the price to sales ratio is 1.20, the price to book ratio is 0.79 and price to earnings (TTM) ratio is 7.71.
Transactions by insiders
Recent insider trading involved SLEDGE CHARLES M, Director, that happened on Feb 20 ’25 when 8992.0 shares were purchased. EVP and CFO, Barker Richard B. completed a deal on Feb 20 ’25 to buy 8000.0 shares. Meanwhile, President & CEO Eifler Robert W. bought 12568.0 shares on Feb 20 ’25.
