Is Sable Offshore Corp. (NYSE:SOC), -8.9% Away From High, Poised For A Strong Comeback?

In last trading session, Sable Offshore Corp. (NYSE:SOC) saw 1.34 million shares changing hands with its beta currently measuring 0.14. Company’s recent per share price level of $22.37 trading at -$1.06 or -4.52% at ring of the bell on the day assigns it a market valuation of $1.45B. That closing price of SOC’s stock is at a discount of -8.9% from its 52-week high price of $24.36 and is indicating a premium of 54.81% from its 52-week low price of $10.11. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.15 million shares which gives us an average trading volume of 671.36K if we extend that period to 3-months.

For Sable Offshore Corp. (SOC), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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Sable Offshore Corp. (NYSE:SOC) trade information

Upright in the red during last session for losing -4.52%, in the last five days SOC remained trading in the green while hitting it’s week-highest on Tuesday, 09/03/24 when the stock touched $22.37 price level, adding 8.17% to its value on the day. Sable Offshore Corp.’s shares saw a change of 96.40% in year-to-date performance and have moved 41.49% in past 5-day. Sable Offshore Corp. (NYSE:SOC) showed a performance of 53.96% in past 30-days. Number of shares sold short was 3.19 million shares which calculate 8.12 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 127 to the stock, which implies a rise of 82.39% to its current value. Analysts have been projecting 32 as a low price target for the stock while placing it at a high target of 222. It follows that stock’s current price would drop -43.05% in reaching the projected high whereas dropping to the targeted low would mean a loss of -43.05% for stock’s current value.