Noble Corp Plc (NYSE: NE) kicked off on Tuesday, down -2.32% from the previous trading day, before settling in for the closing price of $31.96. Over the past 52 weeks, NE has traded in a range of $31.00-$52.15.
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Annual sales at Energy sector company grew by 26.45% over the past five years. While this was happening, its average annual earnings per share was recorded 0.59%. With a float of $129.67 million, this company’s outstanding shares have now reached $140.77 million.
Let’s look at the performance matrix of the company that is accounted for 5300 employees. In terms of profitability, gross margin is 29.86%, operating margin of 23.99%, and the pretax margin is 23.59%.
Noble Corp Plc (NE) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Oil & Gas Drilling Industry. The insider ownership of Noble Corp Plc is 19.13%, while institutional ownership is 66.07%. The most recent insider transaction that took place on Jul 12 ’24, was worth 14,796,522. In this transaction 10% Owner of this company bought 324,984 shares at a rate of $45.53, taking the stock ownership to the 28,916,258 shares. Before that another transaction happened on Jul 11 ’24, when Company’s 10% Owner bought 208,589 for $44.35, making the entire transaction worth $9,251,072. This insider now owns 28,591,274 shares in total.
Noble Corp Plc (NE) Latest Financial update
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0.87 earnings per share (EPS), higher than consensus estimate (set at 0.8) by 0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.9 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 0.59% per share during the next fiscal year.
Noble Corp Plc (NYSE: NE) Trading Performance Indicators
Take a look at Noble Corp Plc’s (NE) current performance indicators. Last quarter, stock had a quick ratio of 1.55. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.87. Likewise, its price to free cash flow for the trailing twelve months is 44.17.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.10, a number that is poised to hit 0.82 in the next quarter and is forecasted to reach 4.53 in one year’s time.
Technical Analysis of Noble Corp Plc (NE)
Noble Corp Plc (NYSE: NE) saw its 5-day average volume 1.62 million, a positive change from its year-to-date volume of 1.48 million. As of the previous 9 days, the stock’s Stochastic %D was 30.41%. Additionally, its Average True Range was 1.09.
During the past 100 days, Noble Corp Plc’s (NE) raw stochastic average was set at 1.24%, which indicates a significant decrease from 4.26% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.29% in the past 14 days, which was lower than the 36.87% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $35.39, while its 200-day Moving Average is $42.69. Nevertheless, the first resistance level for the watch stands at $31.67 in the near term. At $32.13, the stock is likely to face the second major resistance level. The third major resistance level sits at $32.40. If the price goes on to break the first support level at $30.95, it is likely to go to the next support level at $30.68. The third support level lies at $30.22 if the price breaches the second support level.
Noble Corp Plc (NYSE: NE) Key Stats
The company with the Market Capitalisation of 5.01 billion has total of 142,919K Shares Outstanding. Its annual sales at the moment are 2,589 M in contrast with the sum of 481,900 K annual income. Company’s last quarter sales were recorded 692,840 K and last quarter income was 195,010 K.
