The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a loss of -33.22%.However, over the last six months, we can see a stronger performance of -29.26%. Over the last 30 days, the price of NE has leaped by -11.55%. And in the last five days, it has fallen by -3.94%.
Noble Corp Plc’s market performance has been unstable in recent times. The company’s stock hit a 1-year high of $52.15 on 04/08/24 and a low of $31.25 for the same time frame on 10/23/24.
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52-week price history of NE Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Noble Corp Plc’s current trading price is -38.34% away from its 52-week high, while its distance from the 52-week low is 2.91%. The stock’s price range during this period has varied between$31.25 and $52.15. The Noble Corp Plc’s shares, which operate in the Energy, saw a trading volume of around 2.11 million for the day, a figure considerably lower than their average daily volume of 2.2 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Noble Corp Plc (NE) has experienced a quarterly decline of -32.29% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.16B and boasts a workforce of 5300 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 39.98, with a change in price of -11.75. Similarly, Noble Corp Plc recorded 1,931,261 in trading volume during the last 100 days, posting a change of -26.76%.
NE’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for NE stands at 0.16. Similarly, the long-term debt-to-equity ratio is also 0.16.
NE Stock Stochastic Average
As of today, Noble Corp Plc’s raw stochastic average for the last 50 days stands at 10.76%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 13.50%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 9.99% and 8.67%, respectively.
