Southern Company (NYSE: SO) has a price-to-earnings ratio of 21.48x that is above its average ratio. Additionally, the 36-month beta value for SO is 0.51. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 8 rating it as “hold,” and 2 rating it as “sell.”
The public float for SO is 1.09B and currently, short sellers hold a 1.63% ratio of that float. The average trading volume of SO on September 30, 2024 was 4.11M shares.
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SO) stock’s latest price update
The stock price of Southern Company (NYSE: SO) has surged by 1.29 when compared to previous closing price of 88.95, but the company has seen a 0.45% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-09-29 that Helene marks most destructive hurricane in company’s history; restoration efforts fully underway with ~690,000 customers restored ATLANTA, Sept. 29, 2024 /PRNewswire/ — Georgia Power’s restoration efforts following Hurricane Helene continued Sunday, with the company having restored service to approximately 690,000 customers since the start of the storm.
SO’s Market Performance
Southern Company (SO) has seen a 0.45% rise in stock performance for the week, with a 5.07% gain in the past month and a 16.15% surge in the past quarter. The volatility ratio for the week is 1.40%, and the volatility levels for the past 30 days are at 1.46% for SO. The simple moving average for the past 20 days is 1.27% for SO’s stock, with a 18.09% simple moving average for the past 200 days.
Analysts’ Opinion of SO
Many brokerage firms have already submitted their reports for SO stocks, with Jefferies repeating the rating for SO by listing it as a “Hold.” The predicted price for SO in the upcoming period, according to Jefferies is $94 based on the research report published on September 20, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see SO reach a price target of $90. The rating they have provided for SO stocks is “Neutral” according to the report published on September 16th, 2024.
SO Trading at 3.82% 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 -0.83% of loss for the given period.
Volatility was left at 1.46%, however, over the last 30 days, the volatility rate increased by 1.40%, as shares surge +5.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.81% upper at present.
During the last 5 trading sessions, SO rose by +0.45%, which changed the moving average for the period of 200-days by +26.26% in comparison to the 20-day moving average, which settled at $89.19. In addition, Southern Company saw 28.49% 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 Anderson Bryan D, who sale 6,565 shares at the price of $89.54 back on Sep 06 ’24. After this action, Anderson Bryan D now owns 44,467 shares of Southern Company, valued at $587,830 using the latest closing price.
Anderson Bryan D, the Officer of Southern Company, proposed sale 6,565 shares at $89.54 during a trade that took place back on Sep 06 ’24, which means that Anderson Bryan D is holding shares at $587,830 based on the most recent closing price.
Stock Fundamentals for SO
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 0.41 for the gross margin
The net margin for Southern Company stands at 0.18. The total capital return value is set at 0.05. Equity return is now at value 14.60, with 3.30 for asset returns.
Based on Southern Company (SO), the company’s capital structure generated 0.66 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 1.98. The interest coverage ratio of the stock is 2.64.
Currently, EBITDA for the company is 11.51 billion with net debt to EBITDA at 5.2. When we switch over and look at the enterprise to sales, we see a ratio of 6.23. The receivables turnover for the company is 6.11for 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 0.91.
Conclusion
In conclusion, Southern Company (SO) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
