In the past week, SO stock has gone up by 2.25%, with a monthly gain of 3.78% and a quarterly surge of 13.44%. The volatility ratio for the week is 1.34%, and the volatility levels for the last 30 days are 1.33% for Southern Company The simple moving average for the last 20 days is 3.63% for SO’s stock, with a simple moving average of 14.01% for the last 200 days.
Is It Worth Investing in Southern Company (NYSE: SO) Right Now?
The price-to-earnings ratio for Southern Company (NYSE: SO) is 21.17x, which is above its average ratio. Moreover, the 36-month beta value for SO is 0.50. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 8 as “hold,” and 2 as “sell.”
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The public float for SO is 1.09B and currently, short sellers hold a 1.70% of that float. On July 23, 2024, SO’s average trading volume was 4.27M shares.
SO) stock’s latest price update
Southern Company (NYSE: SO) has experienced a rise in its stock price by 0.55 compared to its previous closing price of 81.40. However, the company has seen a gain of 2.25% in its stock price over the last five trading days. globenewswire.com reported 2024-07-22 that Second Quarter 2024 Performance and Operational Highlights Net income of $8.2 million, or $0.90 per diluted share Core net income (1) of $9.1 million, or $1.00 per diluted share (1) Net interest income of $ 21.6 million, an increase of $ 740,000 from the prior quarter Net interest margin (“NIM”) of 3.56%, down 3 basis points from the prior quarter NIM of 3.57% on a fully-taxable equivalent basis (“NIM – FTE”) (1) Return on average assets (“ROAA”) of 1.29%; return on average stockholders’ equity (“ROAE”) of 14.55%; and return on average tangible common equity (“ROATCE”)(1) of 15.79% Core ROAA (1) of 1.43% ; and core ROATCE (1) of 17.44% Efficiency ratio of 49.78% ; and core efficiency ratio of 44.75% Linked-quarter loans grew 10.3% annualized Linked-quarter total deposits grew 12.6% annualized Linked-quarter total deposits, excluding brokered deposits, grew 15.2% annualized (1) See “Reconciliation of Non-GAAP Financial Measures” below for reconciliation of non-GAAP financial measures to their most closely comparable GAAP financial measures. ANNISTON, Ala.
Analysts’ Opinion of SO
BMO Capital Markets, on the other hand, stated in their research note that they expect to see SO reach a price target of $77, previously predicting the price at $72. The rating they have provided for SO stocks is “Outperform” according to the report published on January 11th, 2024.
Citigroup gave a rating of “Buy” to SO, setting the target price at $82 in the report published on December 08th of the previous year.
SO Trading at 3.88% from the 50-Day Moving Average
After a stumble in the market that brought SO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.20% of loss for the given period.
Volatility was left at 1.33%, however, over the last 30 days, the volatility rate increased by 1.34%, as shares surge +4.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.44% upper at present.
During the last 5 trading sessions, SO rose by +2.25%, which changed the moving average for the period of 200-days by +27.83% in comparison to the 20-day moving average, which settled at $79.15. In addition, Southern Company saw 16.73% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SO starting from Wilson Anthony L, who sale 6,900 shares at the price of $77.61 back on Jul 05 ’24. After this action, Wilson Anthony L now owns 85,309 shares of Southern Company, valued at $535,509 using the latest closing price.
Drake Sloane N, the EVP, CHRO of Southern Company, sale 12,000 shares at $77.61 during a trade that took place back on Jul 03 ’24, which means that Drake Sloane N is holding 16,771 shares at $931,320 based on the most recent closing price.
Stock Fundamentals for SO
Current profitability levels for the company are sitting at:
- 0.25 for the present operating margin
- 0.44 for the gross margin
The net margin for Southern Company stands at 0.17. The total capital return value is set at 0.05. Equity return is now at value 13.59, with 3.09 for asset returns.
Based on Southern Company (SO), the company’s capital structure generated 0.67 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 2.0. The interest coverage ratio of the stock is 2.49.
Currently, EBITDA for the company is 11.51 billion with net debt to EBITDA at 5.46. When we switch over and look at the enterprise to sales, we see a ratio of 6.06. The receivables turnover for the company is 6.44for trailing twelve months and the total asset turnover is 0.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.92.
Conclusion
To wrap up, the performance of Southern Company (SO) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
