Sable Offshore Corp.’s market performance has been stable in recent times. The company’s stock hit a 1-year high of $28.67 on 09/19/24 and a low of $10.11 for the same time frame on 04/18/24.
52-week price history of SOC Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Sable Offshore Corp.’s current trading price is -21.00% away from its 52-week high, while its distance from the 52-week low is 124.04%. The stock’s price range during the 52-week period has remained between $10.11 and $28.67. In the Energy sector, the company’s shares saw a trading volume of around 1.82 million for the day, which was evidently higher than the average daily volume of 0.82 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Sable Offshore Corp. (SOC) has experienced a quarterly rise of 49.11% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.47B and boasts a workforce of 106 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 17.23, with a change in price of +10.95. Similarly, Sable Offshore Corp. recorded 788,277 in trading volume during the last 100 days, posting a change of +93.59%.
Examining SOC’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for SOC stands at 6.48. Similarly, the long-term debt-to-equity ratio is also 6.48.
SOC Stock Stochastic Average
Sable Offshore Corp.’s raw stochastic average for the past 50 days is presently 59.89%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 28.67%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 46.72% and 52.84%, respectively.
SOC Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. The index has shown a price gain of 98.86% this year. Over the last six months, there has been a weaker performance of 106.47%. The price of SOC fallen by 3.80% during the last 30 days period. For the last 5-days stocks have slided -4.15%.
