Sable Offshore Corp. (SOC) concluded trading on Thursday at a closing price of $19.84, with 2.99 million shares of worth about $59.24 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 81.19% during that period and on October 10, 2024 the price saw a gain of about 2.11%. Currently the company’s common shares owned by public are about 65.09M shares, out of which, 38.94M shares are available for trading.
Stock saw a price change of -21.86% in past 5 days and over the past one month there was a price change of -3.92%. Year-to-date (YTD), SOC shares are showing a performance of 74.19% which increased to 89.13% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.11 but also hit the highest price of $28.67 during that period. The average intraday trading volume for Sable Offshore Corp. shares is 883.73K. The stock is currently trading -16.46% below its 20-day simple moving average (SMA20), while that difference is up 1.05% for SMA50 and it goes to 37.12% higher than SMA200.
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Sable Offshore Corp. (NYSE: SOC) currently have 65.09M outstanding shares and institutions hold larger chunk of about 51.10% of that.
The stock has a current market capitalization of $1.29B and its 3Y-monthly beta is at 0.31. It has posted earnings per share of -$10.63 in the same period. It has Quick Ratio of 2.46 while making debt-to-equity ratio of 6.48. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SOC, volatility over the week remained 8.14% while standing at 7.25% over the month.
Stock’s fiscal year EPS is expected to drop by -44.76% while it is estimated to increase by 165.89% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BWS Financial on October 08, 2024 offering a Sell rating for the stock and assigned a target price of $6 to it. Coverage by Jefferies stated Sable Offshore Corp. (SOC) stock as a Buy in their note to investors on August 13, 2024, suggesting a price target of $19 for the stock. On July 17, 2024, The Benchmark Company Initiated their recommendations, while on February 26, 2024, TD Cowen Initiated their ratings for the stock with a price target of $20.
