Southern Company (NYSE:SO) shares, rose in value, with the stock price up by 1.87% to the previous day’s close as strong demand from buyers drove the stock to $91.03.
Actively observing the price movement in the last trading, the stock closed the session at $89.36, falling within a range of $90.12 and $92.38. The value of beta (5-year monthly) was 0.51 whereas the PE ratio was 21.70 over 12-month period. Referring to stock’s 52-week performance, its high was $94.45, and the low was $65.80. On the whole, SO has fluctuated by -0.61% over the past month.
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With the market capitalization of Southern Company currently standing at about $99.64 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 2.84, with its dividend yield at 3.12%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 26.42B, with a low estimate of 6.82B and a high estimate of 8.16B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 7.29B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SO’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.47, with the price of SO currently trading nearly -0.01% and 1.50% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.07, while the 7-day volatility ratio is showing 1.82% which for the 30-day chart, stands at 1.47%. Furthermore, Southern Company (SO)’s beta value is 0.51, and its average true range (ATR) is 1.50.
A comparison of Southern Company (SO) with its peers suggests the former has fared considerably weaker in the market. SO showed an intraday change of 1.87% in last session, and over the past year, it grew by 35.26%%.
Data on historical trading for Southern Company (NYSE:SO) indicates that the trading volumes over the past 10 days have averaged 4.57 and over the past 3 months, they’ve averaged 4.37 million. According to company’s latest data on outstanding shares, there are 1.10 billion shares outstanding.
Nearly 0.19% of Southern Company’s shares belong to company insiders and institutional investors own 67.77% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 19.03 million shares as on 2024-10-15, resulting in a short ratio of 4.21. According to the data, the short interest in Southern Company (SO) stood at 174.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 17.76 million. The stock has risen by 29.82% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SO stock heading into the next quarter.
