Sable Offshore Corp (NYSE:SOC) traded at $21.83 at close of the session on Monday, December 16 and made an upward move of 4.55% on its previous day’s price.
Looking at the stock we see that its previous close was $20.88 and the beta (5Y monthly) reads 0.317 with the day’s price range being $20.98 – $22.05. In terms of its 52-week price range, SOC has a high of $28.67 and a low of $10.11. The company’s stock has lost about -2.93% over that past 30 days.
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Sable Offshore Corp has a market cap of $2.04 billion and is expected to release its quarterly earnings report in January.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 95.9M, with a low of 49M and a high of 142.8M.
On the other hand, looking at the outlook for the SOC stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy.
Based on estimates by 2 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Sable Offshore Corp (SOC) stock as a Hold, while 2 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 0.25% off its SMA20 and 1.41% from its 50-day simple moving average. The RSI (14) is pointing at 51.26 while the volatility over the past week is 8.79% and jumps to 6.59% over the past one month. The beta value is 0.33, while the average true range (ATR) is currently pointing at 1.44. The average price target for the stock over the next 12 months is $32, with the estimates having a low of $32 and a high of $32. These price ends are -46.59% and -46.59% off the current price level respectively, although investors could be excited at the prospect of a -46.59% if the SOC share price touches on the median price of $32.
Coming back to Sable Offshore Corp (NYSE:SOC), we note that the average 3-month trading volume was 1.30 million, while that of the preceding 10-day period stands at 1.53 million. Current shares outstanding are 78.79 million.
The insiders hold 35.07% of the company’s shares while institutions hold 49.00%. The data shows that short shares as of 2024-10-31, stood at 5.67 million at a short ratio of 4.62. This represents a 1220.00 short interest in shares outstanding on 2024-10-31. Shares short rose in October from the previous month at 5.49 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 91.66% up in year-to-date price movement.
