Noble Corporation plc (NYSE:NE) under comprehensive financial analysis presented as an active mover. Shares fell -1.50% to trade at $5.90 in recent trading session. The firm has floated short ration of 26.81%, hold to candle to sentiment indicator of Short Ratio, which was 5.27.
Limelight under Ratio Analysis
The co stands at price to sale ratio of 0.63 that signifies the value placed on each dollar of a firm’s sales or incomes; it is most relevant ratio to compare companies in similar sector. It has price to book ratio of 0.25, which gauges the market price of a share over its book value.
Lets us look over what analysts have to say about performance of the NE. Starting with EPS for the final quarter of this year. EPS is usually the indicator of profitability for the company. According to WSJ analysis, the Q4 2016 current estimates trends were for $-0.19 as compared to the next year Q1 current trend of $-0.34. While on annual basis the current EPS estimates trend for FY 2017 came in for $-1.35 as compared to three months ago $-0.05.
The stock prices target chart showed high target of 11 kept by analysts at WSJ while the average price target was for 7.20 as compared to current price of 5.90. Somehow, the stock managed to gain BUY ratings by 12 analysts in current tenure as 1 analyst having overweight ratings, 18 recommend as HOLD, 10 gave it as a SELL security for current period. Overall, the consensus ratings were for Hold by the pool of analysts.
Noble Corporation plc (NYSE:NE) need to consider for profitability analysis, the firm has profit margin of negative -40.40% to find consistent trends in a firm’s earnings. Gross profit margin and operating profit margin calculated as 59.80% and -32.30% respectively. NE has returns on investment of -6.30%. The returns on assets were -7.60% that gives an idea about how efficient management is at using its assets to generate earnings. It has returns on equity of -13.90%, which is measuring profitability by disclosing how much profit generates by NE with the shareholders’ money.
The firm attains analyst recommendation of 3.00 on scale of 1-5. The co has price volatility of 5.11% for a week and 4.86% for a month. Narrow down focus to firm performance, its weekly performance was -8.67% and monthly performance was -11.01%. The stock price of NE is moving down from its 20 days moving average with -14.04% and isolated negatively from 50 days moving average with -14.83%.
Noble Corporation plc (NYSE:NE) current ratio calculated as 1.90, this value is acceptable if it lies in 1.3% to 3%. But it varies industry to industry. To strengthen these views, active industry firm has Quick Ratio of 1.90, which indicates firm has sufficient short-term assets to cover its immediate liabilities. In addition, the firm has debt to equity ratio of 0.75, sometimes it remain same with long term debt to equity ratio.