Sable Offshore Corp saw a rather consistency, in terms of market performance. The company’s stock reached its highest point at $28.67 on 09/19/24, while the lowest price for the same duration was marked at $10.11 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 -22.01% away from its 52-week high, while its distance from the 52-week low is 121.17%. 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 1.29 million for the day, which was evidently higher than the average daily volume of 1.05 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 46.62% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.83B 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 18.33, with a change in price of +7.16. Similarly, Sable Offshore Corp recorded 937,818 in trading volume during the last 100 days, posting a change of +47.11%.
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 54.01%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 49.11%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 39.89% and 36.66%, respectively.
SOC Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. Year to date metric has recorded a gain of 96.31%.However, over the last six months, we can see a weaker performance of 113.36%. Over the last 30 days, the price of SOC has leaped by -10.49%. And in the last five days, it has surged by 8.60%.
