Sable Offshore Corp. (NYSE: SOC) on Tuesday, plunged -7.61% from the previous trading day, before settling in for the closing price of $22.33. Within the past 52 weeks, SOC’s price has moved between $10.11 and $24.36.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
The company achieved an average annual earnings per share of -5.87%. With a float of $48.38 million, this company’s outstanding shares have now reached $64.85 million.
Let’s look at the performance matrix of the company that is accounted for 106 employees. In terms of profitability, gross margin is 0.0%, operating margin of 0.0%, and the pretax margin is 0.0%.
Sable Offshore Corp. (SOC) Insider Updates
Observing investor behavior towards Oil & Gas Drilling industry stocks is more important than anything else. The insider ownership of Sable Offshore Corp. is 25.39%, while institutional ownership is 51.51%. The most recent insider transaction that took place on Aug 27 ’24, was worth 633,450. In this transaction 10% Owner of this company bought 41,000 shares at a rate of $15.45, taking the stock ownership to the 8,041,001 shares. Before that another transaction happened on Jun 05 ’24, when Company’s Director sold 82,238 for $14.66, making the entire transaction worth $1,205,461. This insider now owns 85,540 shares in total.
Sable Offshore Corp. (SOC) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -5.87% per share during the next fiscal year.
Sable Offshore Corp. (NYSE: SOC) Trading Performance Indicators
Sable Offshore Corp. (SOC) is currently performing well based on its current performance indicators. A quick ratio of 2.46 was reported for the most recent quarter.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -10.63, a number that is poised to hit -0.43 in the next quarter and is forecasted to reach 3.21 in one year’s time.
Technical Analysis of Sable Offshore Corp. (SOC)
Sable Offshore Corp. (NYSE: SOC) saw its 5-day average volume 0.95 million, a positive change from its year-to-date volume of 0.37 million. As of the previous 9 days, the stock’s Stochastic %D was 69.06%. Additionally, its Average True Range was 1.34.
During the past 100 days, Sable Offshore Corp.’s (SOC) raw stochastic average was set at 73.82%, which indicates a significant increase from 60.57% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 144.45% in the past 14 days, which was higher than the 71.27% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $16.35, while its 200-day Moving Average is $13.08. Nevertheless, the first resistance level for the watch stands at $21.80 in the near term. At $22.97, the stock is likely to face the second major resistance level. The third major resistance level sits at $23.56. If the price goes on to break the first support level at $20.04, it is likely to go to the next support level at $19.45. Assuming the price breaks the second support level, the third support level stands at $18.28.
Sable Offshore Corp. (NYSE: SOC) Key Stats
Market capitalization of the company is 1.34 billion based on 60,166K outstanding shares. Right now, sales total 0 K and income totals -32,180 K. The company made 0 K in profit during its latest quarter, and -165,440 K in sales during its previous quarter.
