Sobute New (China) Price History

603916 Stock   8.24  0.21  2.49%   
Below is the normalized historical share price chart for Sobute New Materials extending back to November 10, 2017. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Sobute New stands at 8.24, as last reported on the 5th of December, with the highest price reaching 8.42 and the lowest price hitting 8.21 during the day.
200 Day MA
7.705
50 Day MA
7.956
Beta
0.585
 
Covid
If you're considering investing in Sobute Stock, it is important to understand the factors that can impact its price. Sobute New appears to be somewhat reliable, given 3 months investment horizon. Sobute New Materials owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the firm had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sobute New Materials, which you can use to evaluate the volatility of the company. Please review Sobute New's Risk Adjusted Performance of 0.0768, coefficient of variation of 1060.4, and Semi Deviation of 2.54 to confirm if our risk estimates are consistent with your expectations.
  
At present, Sobute New's Other Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Common Stock Shares Outstanding is expected to grow to about 438.4 M, whereas Total Stockholder Equity is forecasted to decline to about 2.4 B. . Sobute Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.1583

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Estimated Market Risk

 2.52
  actual daily
22
78% of assets are more volatile

Expected Return

 0.4
  actual daily
7
93% of assets have higher returns

Risk-Adjusted Return

 0.16
  actual daily
12
88% of assets perform better
Based on monthly moving average Sobute New is performing at about 12% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Sobute New by adding it to a well-diversified portfolio.
Price Book
0.8609
Enterprise Value Ebitda
22.2037
Price Sales
1.0332
Shares Float
198.5 M
Wall Street Target Price
8.55

Sobute New Stock Price History Chart

There are several ways to analyze Sobute Stock price data. The simplest method is using a basic Sobute candlestick price chart, which shows Sobute New price history and the buying and selling dynamics of a specified period. Many traders also use subjective judgment to their trading calls, avoiding the need to trade based on technical analysis.
Highest PriceNovember 7, 20248.68
Lowest PriceSeptember 13, 20246.42

Sobute New December 5, 2024 Stock Price Synopsis

Various analyses of Sobute New's daily price changes, such as its Balance Of Power or Price Action, are crucial when deciding whether to buy, hold, or sell Sobute Stock. It can be used to describe the percentage change in the price of Sobute New from one trading day to the next and could be a valuable metric for traders and investors to gauge the volatility and momentum of Sobute Stock.
Sobute New Price Rate Of Daily Change 0.98 
Sobute New Price Action Indicator(0.18)
Sobute New Price Daily Balance Of Power(1.00)

Sobute New December 5, 2024 Stock Price Analysis

When benchmark price declines in a down market, there may be an uptick in Sobute Stock price where buyers come in believing the asset is cheap or selling overdone. The opposite is true when the market is bullish. You can use Sobute New intraday prices and daily technical indicators to check the level of noise trading in Sobute Stock and then apply it to test your longer-term investment strategies against Sobute.

Sobute Stock Price History Data

The price series of Sobute New for the period between Fri, Sep 6, 2024 and Thu, Dec 5, 2024 has a statistical range of 2.26 with a coefficient of variation of 8.54. The prices are distributed with arithmetic mean of 7.7. The median price for the last 90 days is 7.92. The company had 1.2:1 stock split on 18th of May 2021. Sobute New Materials issued dividends on 2024-06-25.
OpenHighLowCloseVolume
12/05/2024
 8.40  8.42  8.21  8.24 
12/04/2024 8.40  8.42  8.21  8.24  4,215,073 
12/03/2024 8.48  8.51  8.37  8.45  4,251,220 
12/02/2024 8.40  8.51  8.33  8.48  6,542,760 
11/29/2024 8.29  8.44  8.29  8.40  5,008,180 
11/28/2024 8.37  8.43  8.25  8.31  4,412,762 
11/27/2024 8.02  8.26  7.90  8.26  4,199,062 
11/26/2024 8.17  8.19  8.04  8.08  2,979,935 
11/25/2024 8.06  8.23  8.05  8.17  3,784,237 
11/22/2024 8.35  8.43  8.05  8.07  5,495,400 
11/21/2024 8.27  8.43  8.20  8.40  6,730,000 
11/20/2024 8.10  8.47  8.05  8.29  6,838,369 
11/19/2024 7.93  8.11  7.84  8.11  4,526,069 
11/18/2024 8.02  8.15  7.89  7.94  5,349,589 
11/15/2024 8.04  8.16  7.94  7.95  4,170,731 
11/14/2024 8.32  8.40  8.08  8.10  5,932,260 
11/13/2024 8.31  8.44  8.18  8.35  5,374,480 
11/12/2024 8.50  8.56  8.30  8.35  7,803,100 
11/11/2024 8.40  8.45  8.31  8.45  7,408,263 
11/08/2024 8.67  8.72  8.41  8.44  11,341,358 
11/07/2024 8.30  8.86  8.24  8.68  12,845,921 
11/06/2024 8.29  8.46  8.28  8.34  9,549,920 
11/05/2024 8.26  8.31  8.17  8.27  10,550,173 
11/04/2024 8.18  8.26  8.01  8.26  8,577,029 
11/01/2024 8.21  8.40  8.09  8.21  16,556,356 
10/31/2024 7.91  8.15  7.91  8.05  6,956,220 
10/30/2024 8.18  8.24  7.90  7.95  10,697,683 
10/29/2024 8.05  8.37  7.83  8.25  15,933,580 
10/28/2024 7.99  8.14  7.98  8.03  5,773,900 
10/25/2024 7.82  8.10  7.80  7.98  7,761,900 
10/24/2024 7.82  7.91  7.80  7.84  3,446,560 
10/23/2024 7.85  7.94  7.79  7.86  5,631,362 
10/22/2024 7.77  7.90  7.74  7.85  5,487,582 
10/21/2024 7.79  7.80  7.69  7.73  4,400,060 
10/18/2024 7.64  7.81  7.53  7.68  5,798,315 
10/17/2024 7.89  7.96  7.62  7.63  6,148,000 
10/16/2024 7.60  7.96  7.60  7.92  7,427,300 
10/15/2024 7.86  7.92  7.68  7.68  5,150,800 
10/14/2024 7.72  7.99  7.68  7.88  7,280,215 
10/11/2024 8.06  8.08  7.60  7.69  6,865,428 
10/10/2024 7.99  8.19  7.84  8.00  6,530,919 
10/09/2024 8.39  8.39  7.86  7.91  10,337,035 
10/08/2024 9.04  9.04  8.11  8.54  16,048,878 
09/30/2024 7.87  8.29  7.67  8.22  15,197,524 
09/27/2024 7.48  7.60  7.40  7.57  5,901,115 
09/26/2024 7.00  7.30  7.00  7.30  6,065,480 
09/25/2024 6.90  7.17  6.90  7.01  7,490,023 
09/24/2024 6.69  6.85  6.63  6.84  5,450,001 
09/23/2024 6.58  6.63  6.50  6.62  2,618,180 
09/20/2024 6.61  6.61  6.51  6.57  2,240,700 
09/19/2024 6.48  6.65  6.46  6.60  3,472,962 
09/18/2024 6.42  6.48  6.33  6.44  2,154,600 
09/13/2024 6.55  6.59  6.41  6.42  2,422,820 
09/12/2024 6.61  6.71  6.54  6.54  2,328,700 
09/11/2024 6.58  6.63  6.50  6.58  2,154,200 
09/10/2024 6.61  6.64  6.45  6.60  3,156,600 
09/09/2024 6.64  6.66  6.53  6.59  3,338,061 
09/06/2024 6.88  6.88  6.63  6.66  5,409,519 
09/05/2024 6.81  6.88  6.80  6.88  3,772,580 
09/04/2024 6.95  7.04  6.77  6.80  6,153,419 
09/03/2024 6.94  7.04  6.92  7.04  4,172,100 

About Sobute New Stock history

Sobute New investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Sobute is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Sobute New Materials will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Sobute New stock prices may prove useful in developing a viable investing in Sobute New
Last ReportedProjected for Next Year
Common Stock Shares Outstanding420.3 M438.4 M
Net Income Applicable To Common Shares331.1 M319.3 M

Sobute New Quarterly Net Working Capital

2.68 Billion

Sobute New Stock Technical Analysis

Sobute New technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Sobute New technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Sobute New trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

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Sobute New Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Sobute New's price direction in advance. Along with the technical and fundamental analysis of Sobute Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Sobute to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for Sobute Stock analysis

When running Sobute New's price analysis, check to measure Sobute New's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sobute New is operating at the current time. Most of Sobute New's value examination focuses on studying past and present price action to predict the probability of Sobute New's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sobute New's price. Additionally, you may evaluate how the addition of Sobute New to your portfolios can decrease your overall portfolio volatility.
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