Southern Company (NYSE:SO) shares, rose in value, with the stock price up by 0.38% to the previous day’s close as strong demand from buyers drove the stock to $89.08.
Actively observing the price movement in the recent trading, the stock is buoying the session at $88.75. The PE ratio was 21.36 over 12-month period. Referring to stock’s 52-week performance, its high was $94.45, and the low was $76.87. On the whole, SO has fluctuated by -3.05% over the past month.
With the market capitalization of Southern Company currently standing at about $97.91 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 2.90, with its dividend yield at 3.26%.
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 3.28, with the price of SO currently trading nearly -0.18% and -0.86% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.74, while the 7-day volatility ratio is showing 1.28% which for the 30-day chart, stands at 1.47%. Furthermore, Southern Company (SO)’s beta value is 0.36, and its average true range (ATR) is 1.67.
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 0.38% in today’s session so far, and over the past year, it grew by 14.89%%.
Data on historical trading for Southern Company (NYSE:SO) indicates that the trading volumes over the past 3 months, they’ve averaged 5.00 million. According to company’s latest data on outstanding shares, there are 1.10 billion shares outstanding.
Nearly 0.14% of Southern Company’s shares belong to company insiders and institutional investors own 68.93% of the company’s shares. The stock has risen by 8.22% 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.
