Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of Sable Offshore Corp. (NYSE: SOC) was $10.62 for the day, up 0.76% from the previous closing price of $10.54. In other words, the price has increased by $0.76 from its previous closing price. On the day, 0.57 million shares were traded. SOC stock price reached its highest trading level at $10.95 during the session, while it also had its lowest trading level at $10.42.
Ratios:
Our analysis of SOC’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.02 and its Current Ratio is at 0.02. In the meantime, Its Debt-to-Equity ratio is 0.95 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on February 26, 2024, initiated with a Outperform rating and assigned the stock a target price of $20.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 14 ’24 when Sarofim Christopher Binyon bought 6,000,000 shares for $10.00 per share. The transaction valued at 60,000,000 led to the insider holds 3,000,000 shares of the business.
FLORES JAMES C bought 2,500,000 shares of SOC for $25,000,000 on Feb 14 ’24. The Chairman & CEO now owns 2,525,000 shares after completing the transaction at $10.00 per share. On Feb 14 ’24, another insider, FLORES JAMES C, who serves as the Chairman & CEO of the company, bought 700,000 shares for $10.00 each. As a result, the insider paid 7,000,000 and bolstered with 7,963,750 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SOC now has a Market Capitalization of 638966080 and an Enterprise Value of 641394560.
Stock Price History:
Over the past 52 weeks, SOC has reached a high of $13.15, while it has fallen to a 52-week low of $10.11. The 50-Day Moving Average of the stock is -7.28%, while the 200-Day Moving Average is calculated to be -2.61%.
Shares Statistics:
SOC traded an average of 115.97K shares per day over the past three months and 210700 shares per day over the past ten days. Shares short for SOC as of 1711584000 were 296094 with a Short Ratio of 2.55, compared to 1709164800 on 46542. Therefore, it implies a Short% of Shares Outstanding of 296094 and a Short% of Float of 1.8099998999999998.
