Noble Corp Plc [NYSE: NE] stock went on an upward path that rose over 7.00% on Tuesday, amounting to a one-week price increase of more than 12.46%.
Over the last 12 months, NE stock dropped by -50.57%. The one-year Noble Corp Plc stock forecast points to a potential upside of 30.07. The average equity rating for NE stock is currently 1.59, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $3.57 billion, with 158.77 million shares outstanding and 124.75 million shares in the current float. Compared to the average trading volume of 2.68M shares, NE stock reached a trading volume of 6365493 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $32.13 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 1.59. 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.
Evercore ISI have made an estimate for Noble Corp Plc shares, keeping their opinion on the stock as In-line, with their previous recommendation back on January 15, 2025. While these analysts kept the previous recommendation, JP Morgan raised their target price to Neutral. The new note on the price target was released on December 06, 2024, representing the official price target for Noble Corp Plc stock.
The Average True Range (ATR) for Noble Corp Plc is set at 1.49, with the Price to Sales ratio for NE stock in the period of the last 12 months amounting to 1.08. The Price to Book ratio for the last quarter was 0.77, with the Price to Cash per share for the same quarter was set at 1.91. Price to Free Cash Flow for NE in the course of the last twelve months was 12.94 with Quick ratio for the last quarter at 1.48.
NE Stock Performance Analysis:
Noble Corp Plc [NE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.46. With this latest performance, NE shares dropped by -7.07% in over the last four-week period, additionally sinking by -30.13% over the last 6 months – not to mention a drop of -50.57% 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 54.65, with the RSI for the last a single of trading hit 63.16, and the three-weeks RSI is set at 49.98 for Noble Corp Plc [NE]. The present Moving Average for the last 50 days of trading for this stock 23.08, while it was recorded at 21.04 for the last single week of trading, and 32.36 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 1.48 and a Current Ratio set at 1.57.
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 4.05%.
Noble Corp Plc [NE] Institutonal Ownership Details
There are presently around $76.28%, or 96.60%% 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 8.3631%. 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 5.3158%.
