At the time of writing, Sable Offshore Corp [SOC] stock is trading at $20.88, up 4.66%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SOC shares have gain 6.15% over the last week, with a monthly amount drifted -8.38%, and not seem to be holding up well over a long-time horizon.
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
From an analyst’s perspective:
Sable Offshore Corp [NYSE: SOC] stock has seen the most recent analyst activity on November 05, 2024, when Johnson Rice initiated its Buy rating and assigned the stock a price target of $30. Previously, BWS Financial started tracking the stock with Sell rating on October 08, 2024, and set its price target to $6. On August 13, 2024, Jefferies initiated with a Buy rating and assigned a price target of $19 on the stock. The Benchmark Company started tracking the stock assigning a Buy rating and suggested a price target of $24 on July 17, 2024. TD Cowen initiated its recommendation with a Outperform and recommended $20 as its price target on February 26, 2024.
For the past year, the stock price of Sable Offshore Corp fluctuated between $10.11 and $28.67. Currently, Wall Street analysts expect the stock to reach $32 within the next 12 months. Sable Offshore Corp [NYSE: SOC] shares were valued at $20.88 at the most recent close of the market. An investor can expect a potential return of 53.26% based on the average SOC price forecast.
Analyzing the SOC fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.44, Equity is -4.57 and Total Capital is -0.21. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 4.86.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 20.23 points at the first support level, and at 19.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.26, and for the 2nd resistance point, it is at 21.65.
Ratios To Look Out For
It is important to note that Sable Offshore Corp [NYSE:SOC] has a current ratio of 3.50. As well, the Quick Ratio is 3.34, while the Cash Ratio is 2.93.
Transactions by insiders
Recent insider trading involved Pilgrim Global ICAV, 10% Owner, that happened on Sep 19 ’24 when 0.75 million shares were purchased. 10% Owner, Pilgrim Global ICAV completed a deal on Aug 27 ’24 to buy 41000.0 shares. Meanwhile, Director Pipkin Gregory Phillip sold 82238.0 shares on Jun 05 ’24.
