Noble Corporation plc (NYSE:NE) has a beta value of 2.3 and has seen 6,125,544 shares traded in the recent trading session. The company, currently valued at $82.59 Million, closed the recent trade at $0.3291 per share which meant it lost $0 on the day or 8.04% during that session. The NE stock price is -604.95% off its 52-week high price of $2.32 and 63.54% above the 52-week low of $0.12. If we look at the company’s 10-day average daily trading volume, we find that it stood at 21.14 Million shares traded. The 3-month trading volume is 17.35 Million shares.
Noble Corporation plc (NYSE:NE) trade information
Sporting 7.68% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jun 23 when the NE stock price touched $0.379 or saw a rise of 13.98%. Year-to-date, Noble Corporation plc shares have moved -73.28%, while the 5-day performance has seen it change -7.54%. Over the past 30 days, the shares of Noble Corporation plc (NYSE:NE) have changed 150.77%. Short interest in the company has seen 20.61 Million shares shorted with days to cover at 1.19.
Noble Corporation plc (NE) estimates and forecasts
Figures show that Noble Corporation plc shares have outperformed across the wider relevant industry. The company’s shares have lost -77.27% over the past 6 months, with this year growth rate of 16.45%, compared to -8% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -44.1% and -13% for the next quarter. Revenue growth from the last financial year stood is estimated to be -18.9%.
11 analysts offering their estimates for the company have set an average revenue estimate of $227.16 Million for the current quarter. 11 have an estimated revenue figure of $210.28 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $292.94 Million and $275.53 Million respectively for this quarter and the next, and analysts expect sales will grow by -22.5% for the current quarter and -23.7% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -36% over the past 5 years. Earnings growth for 2020 is a modest +22% while over the next 5 years, the company’s earnings are expected to increase by -11.9%.
Noble Corporation plc (NYSE:NE)’s Major holders
Insiders own 1.8% of the company shares, while shares held by institutions stand at 83.14% with a share float percentage of 84.66%. Investors are also buoyed by the number of investors in a company, with Noble Corporation plc having a total of 234 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 39.51 Million shares worth more than $10.27 Million. As of March 30, 2020, Blackrock Inc. held 15.75% of shares outstanding.
The other major institutional holder is Contrarius Investment Management Limited, with the holding of over 24.19 Million shares as of March 30, 2020. The firm’s total holdings are worth over $6.29 Million and represent 9.64% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. As of March 30, 2020, the former fund manager holds about 6.25% shares in the company for having 15673427 shares of worth $4.08 Million while later fund manager owns 7.13 Million shares of worth $1.85 Million as of March 30, 2020, which makes it owner of about 2.84% of company’s outstanding stock.