Noble Corp Plc [NYSE: NE] price plunged by -2.26 percent to reach at -$0.82.
The one-year NE stock forecast points to a potential upside of 34.87. The average equity rating for NE stock is currently 1.33, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Noble Corp Plc [NE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NE shares is $54.57 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NE stock is a recommendation set at 1.33. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Susquehanna have made an estimate for Noble Corp Plc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 01, 2023. While these analysts kept the previous recommendation, CapitalOne raised their target price to Overweight. The new note on the price target was released on November 28, 2023, representing the official price target for Noble Corp Plc stock. Previously, the target price had yet another raise to $64, while Citigroup analysts kept a Buy rating on NE stock.
The Average True Range (ATR) for Noble Corp Plc is set at 1.20, with the Price to Sales ratio for NE stock in the period of the last 12 months amounting to 2.23. The Price to Book ratio for the last quarter was 1.27, with the Price to Cash per share for the same quarter was set at 1.01. Price to Free Cash Flow for NE in the course of the last twelve months was 52.45 with Quick ratio for the last quarter at 1.55.
NE Stock Performance Analysis:
Noble Corp Plc [NE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.74. With this latest performance, NE shares dropped by -6.28% in over the last four-week period, additionally sinking by -26.14% over the last 6 months – not to mention a drop of -30.15% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NE stock in for the last two-week period is set at 42.89, with the RSI for the last a single of trading hit 44.33, and the three-weeks RSI is set at 41.78 for Noble Corp Plc [NE]. The present Moving Average for the last 50 days of trading for this stock 39.29, while it was recorded at 36.05 for the last single week of trading, and 44.04 for the last 200 days.
Insight into Noble Corp Plc Fundamentals:
Noble Corp Plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.55 and a Current Ratio set at 1.55.
NE Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Noble Corp Plc go to 39.00%.
Noble Corp Plc [NE] Institutonal Ownership Details
There are presently around $63.80%, or 78.79%% of NE stock, in the hands of institutional investors. The top three institutional holders of NE stocks are: VANGUARD GROUP INC with ownership of 11.95 million shares, which is approximately 8.4698%. BLACKROCK INC., holding 8.43 million shares of the stock with an approximate value of $$376.28 million in NE stocks shares; and BLACKROCK INC., currently with $$339.06 million in NE stock with ownership which is approximately 5.3836%.
