On Tuesday, Sable Offshore Corp (NYSE: SOC) opened lower -1.69% from the last session, before settling in for the closing price of $23.03. Price fluctuations for SOC have ranged from $13.66 to $35.00 over the past 52 weeks.
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
Company’s average yearly earnings per share was noted 96.55% at the time writing. With a float of $74.94 million, this company’s outstanding shares have now reached $89.34 million.
Let’s look at the performance matrix of the company that is accounted for 161 employees. In terms of profitability, gross margin is 21.11%, operating margin of 87.18%, and the pretax margin is -73.09%.
Sable Offshore Corp (SOC) Insider Updates
A key investor’s attitude towards the stock of the Oil & Gas Drilling industry is another important factor to consider. The insider ownership of Sable Offshore Corp is 23.61%, while institutional ownership is 55.06%. The most recent insider transaction that took place on Apr 17 ’25, was worth 3,648,358. In this transaction 10% Owner of this company sold 143,806 shares at a rate of $25.37, taking the stock ownership to the 10,100,569 shares. Before that another transaction happened on Sep 19 ’24, when Company’s 10% Owner bought 750,000 for $20.00, making the entire transaction worth $15,000,000. This insider now owns 8,791,001 shares in total.
Sable Offshore Corp (SOC) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 96.55% per share during the next fiscal year.
Sable Offshore Corp (NYSE: SOC) Trading Performance Indicators
Check out the current performance indicators for Sable Offshore Corp (SOC). In the past quarter, the stock posted a quick ratio of 1.57.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -8.34, a number that is poised to hit -0.61 in the next quarter and is forecasted to reach 3.83 in one year’s time.
Technical Analysis of Sable Offshore Corp (SOC)
Sable Offshore Corp (NYSE: SOC) saw its 5-day average volume 1.51 million, a negative change from its year-to-date volume of 1.91 million. As of the previous 9 days, the stock’s Stochastic %D was 15.75%. Additionally, its Average True Range was 1.74.
During the past 100 days, Sable Offshore Corp’s (SOC) raw stochastic average was set at 34.04%, which indicates a significant increase from 4.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 89.82% in the past 14 days, which was lower than the 98.54% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $23.47, while its 200-day Moving Average is $23.52. Nevertheless, the first resistance level for the watch stands at $23.16 in the near term. At $23.68, the stock is likely to face the second major resistance level. The third major resistance level sits at $24.01. If the price goes on to break the first support level at $22.31, it is likely to go to the next support level at $21.98. Assuming the price breaks the second support level, the third support level stands at $21.46.
Sable Offshore Corp (NYSE: SOC) Key Stats
There are currently 89,413K shares outstanding in the company with a market cap of 2.22 billion. Presently, the company’s annual sales total 0 K according to its annual income of -629,070 K. Last quarter, the company’s sales amounted to 0 K and its income totaled -109,540 K.
