As of Friday close, Noble Corporation Plc’s (NYSE:NE) stock was down -$2.27, moving down -6.03 percent to $35.36. The average number of shares traded per day over the past five days has been 3,432,560 shares. 2 times new highs have been achieved over the past 5 days, with a -$4.52 fall in that time frame. In the last twenty days, the average volume was 2,325,750, while in the previous 50 days, it was 2,168,950.
Since last month, NE stock retreated -18.75%. Shares of the company fell to $35.32 on 03/17/23, the lowest level in the past month. A 52-week high of $45.50 was reached on 03/06/23 after having rallying from a 52-week low of $22.64. Since the beginning of this year, NE’s stock price has dropped by -6.23% or -$2.35, and marked a new high 16 times. However, the stock has declined by -22.29% since its 52-week high.
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Sponsored
NE stock investors should be aware that Noble Corporation Plc (NE) stock had its last reported insider trading activity 137 days ago on Nov 01. PACIFIC INVESTMENT MANAGEMENT, the 10% Owner of the company, disposed of 334,313 shares for $35.80 on Nov 01. It resulted in a $11,968,405 divestment by the insider. PACIFIC INVESTMENT MANAGEMENT sold 300,000 shares at an average price of $35.77 on Oct 31. The insider now owns 12,754,735 shares following the transaction. On Oct 28, 10% Owner PACIFIC INVESTMENT MANAGEMENT sold 568,253 shares at $35.38 apiece. The transaction was valued at $20,104,791.
Valuation Metrics
Right now, Noble Corporation Plc (NE) has a P/E ratio of about 28.68. Besides these, the trailing price-to-sales (P/S) ratio of 3.35, the price-to-book (PB) ratio of 1.61.
Financial Health
In the three months ended September 29, Noble Corporation Plc’s quick ratio stood at 2.80, while its current ratio was 2.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.28, and the total debt-to-equity ratio was 0.28. On the profitability front, the trailing twelve-month gross margin is 32.00% percent. In the year ended September 29, operating margins totaled 14.30%. Based on annual data, NE earned $62.26 million in gross profit and brought in $847.81 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 18.10%. Return on equity (ROE) for the past 12 months was 10.50%.
In Noble Corporation Plc’s quarter-end financial report for September 29, it reported total debt of $513.06 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. NE’s revenue rose 64.38% to $305.87 million during the quarter, while net income inched up to $622.59 million. While analysts expected Noble Corporation Plc to report $0.39 quarterly earnings, the actual figure was $0.5 per share, beating the consensus estimate by 28.20%. The liabilities of Noble Corporation Plc were 836.95 million at the end of its most recent quarter ended September 29, and its total debt was $434.37 million.
Technical Picture
This quick technical analysis looks at Noble Corporation Plc’s (NE) price momentum. With a historical volatility rate of 34.75%, the RSI 9-day stood at 25.60% on 17 March.
With respect to its five-day moving average, the current Noble Corporation Plc price is down by -11.33% percent or -$4.52. At present, NE shares trade -17.77% below its 20-day simple moving average and +3.60% percent above its 100-day simple moving average. However, the stock is currently trading approximately -1.81% below its SMA50 and -2.54% below its SMA200.
Stochastic coefficient K was 9.72% and Stochastic coefficient D was 16.33%, while ATR was 2.15. Given the Stochastic reading of 0.39% for the 14-day period, the RSI (14) reading has been calculated as 32.23%. As of today, the MACD Oscillator reading stands at -2.71, while the 14-day reading stands at -4.25.
Analyst Ratings
The Benchmark Company launched its rating on Noble Corporation Plc (NYSE: NE) to a Buy in a note to investors on January 19, 2023. Noble Corporation Plc (NE) has been rated Buy by analysts. According to 0 brokerage firms, NE is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Noble Corporation Plc stock as buy, with 8 recommending it as overweight.