On Monday, Noble Corp Plc (NYSE: NE) opened lower -3.08% from the last session, before settling in for the closing price of $35.41. Price fluctuations for NE have ranged from $31.00 to $52.15 over the past 52 weeks.
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Annual sales at Energy sector company grew by 26.45% over the past five years. Company’s average yearly earnings per share was noted -7.56% at the time writing. With a float of $126.58 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 27.98%, operating margin of 20.03%, and the pretax margin is 18.49%.
Noble Corp Plc (NE) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Oil & Gas Drilling industry is another important factor to consider. The insider ownership of Noble Corp Plc is 21.07%, while institutional ownership is 80.12%. The most recent insider transaction that took place on Nov 11 ’24, was worth 1,072,800. In this transaction SVP, Operations of this company sold 30,000 shares at a rate of $35.76, taking the stock ownership to the 83,208 shares. Before that another transaction happened on Nov 11 ’24, when Company’s SVP, Marketing & Contracts sold 30,000 for $35.72, making the entire transaction worth $1,071,600. This insider now owns 83,208 shares in total.
Noble Corp Plc (NE) Latest Financial update
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 0.39 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at 0.59) by -0.2. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.57 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -7.56% per share during the next fiscal year.
Noble Corp Plc (NYSE: NE) Trading Performance Indicators
Check out the current performance indicators for Noble Corp Plc (NE). In the past quarter, the stock posted a quick ratio of 1.57. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.98. Likewise, its price to free cash flow for the trailing twelve months is 23.86.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.42, a number that is poised to hit 0.78 in the next quarter and is forecasted to reach 3.51 in one year’s time.
Technical Analysis of Noble Corp Plc (NE)
Noble Corp Plc (NYSE: NE) saw its 5-day average volume 1.92 million, a positive change from its year-to-date volume of 1.55 million. As of the previous 9 days, the stock’s Stochastic %D was 67.02%. Additionally, its Average True Range was 1.19.
During the past 100 days, Noble Corp Plc’s (NE) raw stochastic average was set at 18.71%, which indicates a significant decrease from 55.38% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 54.12% in the past 14 days, which was higher than the 39.76% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $34.54, while its 200-day Moving Average is $41.71. Nevertheless, the first resistance level for the watch stands at $35.31 in the near term. At $36.31, the stock is likely to face the second major resistance level. The third major resistance level sits at $36.96. If the price goes on to break the first support level at $33.66, it is likely to go to the next support level at $33.01. The third support level lies at $32.01 if the price breaches the second support level.
Noble Corp Plc (NYSE: NE) Key Stats
There are currently 160,370K shares outstanding in the company with a market cap of 5.50 billion. Presently, the company’s annual sales total 2,589 M according to its annual income of 481,900 K. Last quarter, the company’s sales amounted to 800,550 K and its income totaled 61,220 K.
