Southern Company (NYSE:SO) shares, rose in value on Thursday, November 21, with the stock price up by 0.19% to the previous day’s close as strong demand from buyers drove the stock to $88.14.
Actively observing the price movement in the last trading, the stock closed the session at $87.97, falling within a range of $87.37 and $88.39. The value of beta (5-year monthly) was 0.509 whereas the PE ratio was 20.53 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 -6.38% over the past month.
With the market capitalization of Southern Company currently standing at about $96.57 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 2.86, with its dividend yield at 3.24%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 26.7B, with a low estimate of 6B and a high estimate of 6.55B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 6.25B.
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 Hold on average. However, medium-term indicators have put the stock in the category of 50% 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 3.29, with the price of SO currently trading nearly -0.57% and -1.82% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.92, while the 7-day volatility ratio is showing 1.28% which for the 30-day chart, stands at 1.58%. Furthermore, Southern Company (SO)’s beta value is 0.50, and its average true range (ATR) is 1.34.
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 0.19% in last session, and over the past year, it grew by 26.55%%.
Data on historical trading for Southern Company (NYSE:SO) indicates that the trading volumes over the past 10 days have averaged 3.93 and over the past 3 months, they’ve averaged 4.39 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 68.48% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 18.39 million shares as on 2024-10-31, resulting in a short ratio of 4.28. According to the data, the short interest in Southern Company (SO) stood at 168.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 20.95 million. The stock has risen by 25.70% 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.
