Noble Corp Plc (NYSE:NE) shares, rose in value on Friday, January 03, with the stock price down by -0.03% to the previous day’s close as strong demand from buyers drove the stock to $32.95.
Actively observing the price movement in the last trading, the stock closed the session at $32.96, falling within a range of $32.48 and $33.2725. The value of beta (5-year monthly) was 0.997 whereas the PE ratio was 9.64 over 12-month period. Referring to stock’s 52-week performance, its high was $52.15, and the low was $28.40. On the whole, NE has fluctuated by -2.80% over the past month.
With the market capitalization of Noble Corp Plc currently standing at about $5.28 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 1.80, with its dividend yield at 5.46%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.99B, with a low estimate of 855M and a high estimate of 884M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 872.87M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NE’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.31, with the price of NE currently trading nearly 6.56% and 1.53% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.60, while the 7-day volatility ratio is showing 3.37% which for the 30-day chart, stands at 3.41%. Furthermore, Noble Corp Plc (NE)’s beta value is 1.00, and its average true range (ATR) is 1.13.
A comparison of Noble Corp Plc (NE) with its peers suggests the former has fared considerably weaker in the market. NE showed an intraday change of -0.03% in last session, and over the past year, it shrunk by -31.58%%.
Data on historical trading for Noble Corp Plc (NYSE:NE) indicates that the trading volumes over the past 10 days have averaged 1.7 and over the past 3 months, they’ve averaged 1.97 million. According to company’s latest data on outstanding shares, there are 160.34 million shares outstanding.
Nearly 21.06% of Noble Corp Plc’s shares belong to company insiders and institutional investors own 80.42% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.13 million shares as on 2024-12-13, resulting in a short ratio of 6.04. According to the data, the short interest in Noble Corp Plc (NE) stood at 774.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 11.51 million. The stock has risen by 4.94% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NE stock heading into the next quarter.
