South Bow Corp (NYSE: SOBO) is 9.72% higher on its value in year-to-date trading and has touched a low of $21.12 and a high of $27.60 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SOBO stock was last observed hovering at around $25.53 in the last trading session, with the day’s gains setting it 0.33%.
Currently trading at $25.86, the stock is 0.30% and 1.95% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.2 million and changing 1.29% at the moment leaves the stock 4.66% off its SMA200. The firm has a 50-day simple moving average (SMA 50) of $25.3648 and a 200-day simple moving average (SMA200) of $24.70871.
The stock witnessed a -2.23% in the last 1 month and extending the period to 3 months gives it a 7.84%, and is -2.75% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.29% over the week and 3.19% over the month.
Current P/E ratio is 54.19 and Fwd P/E is 14.07. Profit margin for the company is 11.27%. Distance from 52-week low is 22.44% and -6.30% from its 52-week high. The company has generated returns on investments over the last 12 months (1.71%).
with sales reaching $588M over the same period.The EPS is expected to shrink by -11.48% this year, but quarterly earnings will post -2.76% year-over-year.
423.0 institutions hold shares in South Bow Corp (SOBO), with institutional investors hold 69.60% of the company’s shares. The shares outstanding are 208.00M, and float is at 207.73M with Short Float at 2.64%. Institutions hold 69.55% of the Float.
South Bow Corp (SOBO) Insider Activity
Still, SEC filings show that on Nov 25 ’24, Bevin Wirzba (President and CEO) Proposed Sale 321,899 shares at an average price of $35.49 for $11.42 million. The insider now directly holds shares of South Bow Corp (SOBO).
