Southern Company (NYSE:SO) shares, rose in value on Friday, January 03, with the stock price up by 0.66% to the previous day’s close as strong demand from buyers drove the stock to $82.61.
Actively observing the price movement in the recent trading, the stock is buoying the session at $82.07, falling within a range of $82.1 and $82.8. The value of beta (5-year monthly) is 0.509 whereas the PE ratio is 19.24 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 -4.23% over the past month.
With the market capitalization of Southern Company currently standing at about $90.51 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 2.86, with its dividend yield at 3.46%.
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% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 3.01, with the price of SO currently trading nearly -0.61% and -4.55% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.24, while the 7-day volatility ratio is showing 1.22% which for the 30-day chart, stands at 1.53%. Furthermore, Southern Company (SO)’s beta value is 0.52, and its average true range (ATR) is 1.19.
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 0.66% in today’s session so far, and over the past year, it grew by 14.35%%.
Data on historical trading for Southern Company (NYSE:SO) indicates that the trading volumes over the past 10 days have averaged 3.37 and over the past 3 months, they’ve averaged 4.04 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 68.44% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 18.17 million shares as on 2024-12-13, resulting in a short ratio of 4.58. According to the data, the short interest in Southern Company (SO) stood at 166.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 17.31 million. The stock has risen by 0.35% 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.
