Sable Offshore Corp. (NYSE: SOC): Can A Stock Be 97.89% Higher Year-To-Date And Still Be A Loser?

Sable Offshore Corp. (NYSE:SOC)’s traded shares stood at 0.73 million during the last session, with the company’s beta value hitting 0.21. At the close of trading, the stock’s price was $22.54, to imply an increase of 6.52% or $1.38 in intraday trading. The SOC share’s 52-week high remains $24.36, putting it -8.07% down since that peak but still an impressive 55.15% since price per share fell to its 52-week low of $10.11. The company has a valuation of $1.46B, with an average of 1.6 million shares in intraday trading volume over the past 10 days and average of 735.64K shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Sable Offshore Corp. (SOC), translating to a mean rating of 1.00. Of 2 analyst(s) looking at the stock, 0 analyst(s) give SOC a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Sable Offshore Corp. (NYSE:SOC) trade information

After registering a 6.52% upside in the last session, Sable Offshore Corp. (SOC) has traded red over the past five days. The 5-day price performance for the stock is 3.30%, and 45.23% over 30 days. With these gigs, the year-to-date price performance is 97.89%. Short interest in Sable Offshore Corp. (NYSE:SOC) saw shorts transact 3.01 million shares and set a 8.77 days time to cover.

The extremes give us $32 and $222 for target low and target high price respectively. As such, SOC has been trading -884.92% off suggested target high and -41.97% from its likely low.

SOC Dividends

Sable Offshore Corp. has its next earnings report out on 2024-Aug-13. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.