The Better Stock Is Still Crystal Clear: Noble Corporation plc (NE), International Game Technology PLC (IGT)

The stock of Noble Corporation plc (NYSE:NE) witnessed a 46.9% increase from the 52-week low price of $3.39 it recorded on 2018-04-04. Their shares price went up by $0.07 now trading at $4.98. Even though it is still -49.4% behind the $7.44 high touched on 2018-10-09. The last few days have been rough for the stock, as its price has decreased by -0.8% during the week. It has also performed poorly over the past three months, as it lost around -13.69% while it has so far climbed around 15.28% during the course of a year. The stock of NE recorded 10.18% uptrend from the beginning of this year till date. The 12-month potential price target for Noble Corporation plc is set at $6.59. This target means that the stock has an upside potential to increase by 32.33% from the current trading price.

When giving their opinion, around 37.5% of Wall Street analysts, which represents 12 out of 32 rated the stock as a Buy. 12 brokerage firms of the remaining 37.5% rated the stock as a Hold with 8 analyst rating it as a sell. Overall, the number of aggregate NE shares held by institutional investors represents 92.7% of total shares. 42 institutions entered new Noble Corporation plc (NYSE:NE) positions, 117 added to their existing positions in these shares, 102 lowered their positions, and 26 exited their positions entirely.

Noble Corporation plc (NE) trade volume has decreased by -27.74% as around 4,078,735 shares were sold when compared with its 50-day average volume of traded shares which is 5,644,534. At the moment, NE is witnessing a downtrend, as it is trading -13.17% below its 20-day SMA, -19.23% below its 50-day SMA, and -6.74% below its 200-day SMA. The company runs an ROE of roughly -7.2%, with financial analysts predicting that their earnings per share growth will be around 5.99% per annum for the next five year. This will be compared to the -29% decrease witnessed over the past five years.

The first technical resistance point for Noble Corporation plc (NYSE:NE) will likely come at $5.11, marking a 2.54% premium to the current level. The second resistance point is at $5.23, about 4.78% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $4.77, the lower end of the range. NE’s 14-day MACD is -0.26 and this negative figure indicates a downward trading trend. The company’s 14-day RSI (relative strength index) score is 33.65, which shows that its stock has been neutral. The 20-day historical volatility for the stock stands at 60.73 percent, which is high when compared to that of the 50-day’s 54.47 percent.

The shares of International Game Technology PLC (NYSE:IGT) has decreased by -2.48%, and now trading at $16.9 on the Wall Street in the intra-day deal, with their shares traded now around 3,420,607. This is a decline of -415,499 shares over the average 3,836,106 shares that were traded daily over the last three months. The stock that is trading at $16.9 went higher by 12.59% from its 52-week low of $15.01 that it attained back on 2018-10-30. The stock recorded a 52-week high of $31 nearly 175 days ago on 2018-05-17.

IGT stock hasn’t performed well over the past 30 days, as it lost -4.41% while its price plunged by -36.25% year-to-date (YTD). Looking at the last few days, it has been tough for the stock, as it tumbled -8.89% over the last week. The stock’s 12-month potential target price is now at $25.19. This means that the stock price might likely increase by 49.05% from its current trading price.7 out of 9 Wall Street analysts which represents 77.78% rated the stock as a buy while the remaining 22.22 rated it as a hold, with 0 of analysts rating it as a sell.

International Game Technology PLC (NYSE:IGT) has been utilizing an ROE that is roughly -52.1%, with stock analysts predicting that the company’s EPS for the next five years will go up by 27.76% per year, following the -44.5% drop that was witnessed during the past five years. The stock at the moment is on a downtrend, trading -1.53% below its 20-day SMA, -9.04% below its 50-day SMA, and -30.03% below its 200-day SMA. In percentage terms, the aggregate International Game Technology PLC shares held by institutional investors is 49.3%. 41 institutions jumped in to acquire International Game Technology PLC (IGT) fresh stake, 121 added to their current holdings in these shares, 126 lowered their positions, and 50 left no stake in the company.

The stock’s 9-day MACD is -0.01 and this negative figure indicates a downward trading trend. The company’s 9-day RSI score is 45.04, which shows that its stock has been neutral. The 20-day historical volatility for the shares stand at 83.8 percent, which is more when compared to that of the 50-day’s 58.41 percent. On the daily chart, we see that the stock could reach the first level of resistance at $17.48, sporting a 3.32% premium to the current level. The next resistance point is at $18.07, representing nearly 6.47% premium to the current market price of International Game Technology PLC (IGT). On the other hand, failure to breach the immediate hurdles can drag it down to $16.27, the lower end of the range.