SouthState Corporation (NYSE:SSB) shares, rose in value on Friday, March 07, with the stock price up by 0.61% to the previous day’s close as strong demand from buyers drove the stock to $92.93.
Actively observing the price movement in the last trading, the stock closed the session at $92.37. The PE ratio was 13.34 over 12-month period. Referring to stock’s 52-week performance, its high was $114.26, and the low was $70.68. On the whole, SSB has fluctuated by -13.08% over the past month.
With the market capitalization of SouthState Corporation currently standing at about $9.42 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 2.14, with its dividend yield at 2.30%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.56B, with a low estimate of 600.02M and a high estimate of 623.4M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 610.85M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SSB’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 0.98, with the price of SSB currently trading nearly -7.29% and -7.66% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 31.14, while the 7-day volatility ratio is showing 3.33% which for the 30-day chart, stands at 2.39%. Furthermore, SouthState Corporation (SSB)’s beta value is 0.64, and its average true range (ATR) is 2.74.
A comparison of SouthState Corporation (SSB) with its peers suggests the former has fared considerably weaker in the market. SSB showed an intraday change of 0.61% in last session, and over the past year, it grew by 9.37%%.
Data on historical trading for SouthState Corporation (NYSE:SSB) indicates that the trading volumes over the past 3 months, they’ve averaged 751.85K. According to company’s latest data on outstanding shares, there are 101.36 million shares outstanding.
Nearly 1.32% of SouthState Corporation’s shares belong to company insiders and institutional investors own 69.04% of the company’s shares. The stock has fallen by -6.58% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SSB stock heading into the next quarter.
