Sobute New (China) Price History

603916 Stock   7.32  0.12  1.67%   
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 7.32, as last reported on the 18th of January 2025, with the highest price reaching 7.44 and the lowest price hitting 7.12 during the day.
200 Day MA
7.6044
50 Day MA
7.9138
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 Materials owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0391, which indicates the firm had a -0.0391% return per unit of risk over the last 3 months. Sobute New Materials exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sobute New's Risk Adjusted Performance of (0.02), variance of 3.04, and Coefficient Of Variation of (3,653) to confirm the risk estimate we provide.
  
At present, Sobute New's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Other Stockholder Equity is expected to grow to about 125.4 M, whereas Common Stock is forecasted to decline to about 295.1 M. . Sobute Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0391

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Negative Returns603916

Estimated Market Risk

 1.75
  actual daily
15
85% of assets are more volatile

Expected Return

 -0.07
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.04
  actual daily
0
Most of other assets perform better
Based on monthly moving average Sobute New is not performing at its full potential. However, 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 Sobute New to a well-diversified portfolio.
Price Book
0.7453
Enterprise Value Ebitda
19.7061
Price Sales
0.9096
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 PriceJanuary 10, 20256.96

Sobute New January 18, 2025 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 1.02 
Sobute New Price Action Indicator 0.10 
Sobute New Price Daily Balance Of Power 0.38 

Sobute New January 18, 2025 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 Sun, Oct 20, 2024 and Sat, Jan 18, 2025 has a statistical range of 1.72 with a coefficient of variation of 5.77. The prices are distributed with arithmetic mean of 7.94. The median price for the last 90 days is 8.03. The company had 1.2:1 stock split on 18th of May 2021. Sobute New Materials issued dividends on 2024-06-25.
OpenHighLowCloseVolume
01/18/2025
 7.19  7.44  7.12  7.32 
01/17/2025 7.19  7.44  7.12  7.32  5,074,522 
01/16/2025 7.17  7.29  7.15  7.20  2,865,900 
01/15/2025 7.15  7.20  7.09  7.18  2,622,702 
01/14/2025 7.01  7.17  7.01  7.16  3,013,490 
01/13/2025 6.93  7.01  6.83  6.99  1,892,928 
01/10/2025 7.14  7.19  6.96  6.96  2,683,020 
01/09/2025 7.19  7.20  7.10  7.15  2,097,140 
01/08/2025 7.25  7.25  7.02  7.18  3,108,580 
01/07/2025 7.18  7.25  7.11  7.25  2,486,227 
01/06/2025 7.15  7.24  6.94  7.19  3,163,962 
01/03/2025 7.35  7.40  7.10  7.12  4,818,083 
01/02/2025 7.47  7.54  7.22  7.30  5,459,523 
12/31/2024 7.64  7.67  7.46  7.46  5,450,180 
12/30/2024 7.76  7.76  7.61  7.62  4,444,123 
12/27/2024 7.63  7.80  7.62  7.76  5,774,400 
12/26/2024 7.66  7.76  7.62  7.64  4,816,140 
12/25/2024 7.86  7.89  7.64  7.72  3,946,220 
12/24/2024 7.74  7.85  7.60  7.82  3,692,009 
12/23/2024 7.84  7.89  7.69  7.70  5,135,600 
12/20/2024 7.88  7.94  7.85  7.87  3,036,520 
12/19/2024 7.93  7.95  7.79  7.87  3,925,702 
12/18/2024 8.02  8.05  7.93  7.99  3,326,440 
12/17/2024 8.31  8.31  7.93  7.97  6,247,802 
12/16/2024 8.30  8.43  8.24  8.27  4,450,097 
12/13/2024 8.55  8.57  8.31  8.31  5,762,121 
12/12/2024 8.52  8.60  8.43  8.59  5,407,694 
12/11/2024 8.49  8.56  8.41  8.50  4,114,120 
12/10/2024 8.73  8.79  8.41  8.46  7,234,773 
12/09/2024 8.47  8.52  8.40  8.52  5,410,900 
12/06/2024 8.39  8.52  8.34  8.47  6,775,622 
12/05/2024 8.20  8.35  8.18  8.31  3,331,960 
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 

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 Outstanding483.4 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.

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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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