The market performance of Noble Corp Plc’s stock has been turbulent in recent times. Over the last year, the company’s stock reached its highest point at $55.34 on 09/05/23, while the lowest value for the same duration was $41.23 on 12/12/23.
52-week price history of NE Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Noble Corp Plc’s current trading price is -18.68% away from its 52-week high, while its distance from the 52-week low is 9.14%. The stock’s price range during the 52-week period has remained between $41.23 and $55.34. In the Energy sector, the company’s shares saw a trading volume of around 1.2 million for the day, which was evidently higher than the average daily volume of 1.19 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Noble Corp Plc (NE) has experienced a quarterly rise of 3.09% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 6.43B and boasts a workforce of 5300 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 46.31, with a change in price of +0.82. Similarly, Noble Corp Plc recorded 1,150,626 in trading volume during the last 100 days, posting a change of +1.86%.
Examining NE’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for NE stands at 0.15. Similarly, the long-term debt-to-equity ratio is also 0.15.
NE Stock Stochastic Average
Noble Corp Plc’s raw stochastic average for the past 50 days is presently 44.18%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 30.63%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 52.28% and 58.99%, respectively.
NE Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. This year’s metric has recorded a Price decrease of -6.56%. However, over the past six months, we’ve seen a weaker performance of 1.97%. The price of NE fallen by 0.87% over the last 30 days. And in the last five days, it has fallen by -5.66%.
