The Black Swan Theory: Sabra Health Care REIT, Inc. (SBRA), Keane Group, Inc. (FRAC)

Sabra Health Care REIT, Inc. (NASDAQ:SBRA) has its shares plummet by -9.69% or $2.31 from its all-time high of $23.83. The drop in the price of the shares saw it stand at $21.52 per share. SBRA has been trading at a low of $15.7 over the past one year but it surged by 37.07% or $5.82 to reach the $21.52 mark. Following the massive rise in stock price, SBRA received more attention from investors and analysts. On Monday, the stock dipped by -0.09%, which caused investors and analysts to worry about it. Following the plunge in price, the SBRA beta stands at 0.86, implying that its volatility level has gone down by 0.14 back of the general market. A look at the stock’s 200-day moving average shows that it is 10.62% above while its 50-day moving average shows that it is currently 5.03% above. Compared to 2.39% average daily volatility of past month, the stock’s average volatility for this week has decreased by -0.4 as the volatility level currently stands at 1.99%.

Over the past seven days, the stock has witnessed a price dip by -0.09%. This massive drop in stock price has caught the attention of both investors and market traders. The stock has performed poorly over the past 52 weeks, dropping by -7.36% during that time frame and is now up by 30.58% since this point this year. SBRA has surged by 3.51% over the past 30 days, with its equity price gaining% of its value over the past ninety days. These figures add up to see the stock record a growth of 14.47% over the past six months.

Market analysts from research firms still remain bullish about the short-term performance of SBRA. Most of them are of the view that the stock would be able to reach $19.95 over the next 12 months. If that happens, then the stock would witness a -7.3% fall in its price and that would see the stock’s market cap hit an astonishing $4 Billion. Analysts view this stock as a bearish at the moment as its average rating is 3.1. According to Reuters, many of the 11 analysts covering the stock at the moment believe it is a Buy. 8 of them rated SBRA as a Hold while 1 of them either rated it as a Buy or a Strong Buy. However, 2 of them advised investors to sell the stock if they have it or shouldn’t buy it if they don’t possess any.

The stock’s technical analysis reveals that its 14-day Relative Strength Index (RSI) is currently in a neutral position as it was able to attain 59.12 points. Over the past three months, the trading volume has dropped massively, by roughly ????118.45%???, with the trading volume now standing at 1030843 shares. The decrease of -319157 shares in trading volume shows that traders and investors have shown less interest in the stock over the past few weeks. During that trading session, the average trading volume of SBRA was 1350000 shares, which is more than 0.76 times higher than its usual trading volume.

Keane Group, Inc. has seen its stock (NYSE:FRAC) plunge by $-0.07 or -1.41% to currently trade at $4.9. This fall in the price of the stock has seen it establish a strong support at $4.83 a share. If the stock price is to drop below that support level, then it would be followed by a bearish trend. A slip below $4.76 would be bad for FRAC as it would mean that the stock has lost 2.86% of its value. The stock going in the opposite direction and breaking past the resistance point to reach $5.04 would see it surge even higher. FRAC would attempt to surge past the upward resistance point which is set at $5.18 a share. FRAC has an average volatility of 7.29% over the past 30 days, while it has gained 0.82% of its value compared to its 52-weeks low point which stands at $4.86 on Aug 15, 2019. In the same breath, FRAC has lost 0% compared to its 52-weeks high point which currently stands at $4.9 a share reached on Nov 08, 2018.

Analysts have set a 1-year price target for this stock, with most of them expecting it to reach $10.59/share over the next 12 months. If that happens, then FRAC would witness a 116.12% rise from its current price. The price of the stock has been moving between $4.9 and $5.11. Not all analysts believe it would hit that target though, as some of them expect it to trade lower, as low as $7 per share. In the same breath, one analyst believes that the stock is set to soar even higher than expected, as the price target was set at $18.

The stock has an average rating of 2.1 which means that it has been rated as a Holdby most analysts. The stock is being covered by 17 analysts who gave a consensus recommendation of 2.1 which implies that it is currently in a neutral situation. Reuters looked into analysts covering Keane Group, Inc., and 6 of them believe that the stock is a Hold at the moment. 11 of the analysts rated it as a Buy or a Strong Buy while the remaining analysts (0) rated it as a sell at the moment.