Southern Company (NYSE: SO) has a price-to-earnings ratio of 22.11x 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 1.92% ratio of that float. The average trading volume of SO on October 22, 2024 was 4.32M shares.
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SO) stock’s latest price update
Southern Company (NYSE: SO)’s stock price has dropped by -0.55 in relation to previous closing price of 93.24. Nevertheless, the company has seen a gain of 3.22% in its stock price over the last five trading days. fool.com reported 2024-10-21 that Investing in reliable dividend stocks can be an excellent strategy for risk-averse investors.
SO’s Market Performance
SO’s stock has risen by 3.22% in the past week, with a monthly rise of 3.38% and a quarterly rise of 13.99%. The volatility ratio for the week is 1.35% while the volatility levels for the last 30 days are 1.43% for Southern Company The simple moving average for the last 20 days is 2.60% for SO’s stock, with a simple moving average of 18.91% for the last 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 4.26% 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 -0.66% of loss for the given period.
Volatility was left at 1.43%, however, over the last 30 days, the volatility rate increased by 1.35%, as shares surge +2.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.83% upper at present.
During the last 5 trading sessions, SO rose by +3.22%, which changed the moving average for the period of 200-days by +29.31% in comparison to the 20-day moving average, which settled at $90.38. In addition, Southern Company saw 32.24% 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 Kerr, II James Y, who sale 30,000 shares at the price of $89.64 back on Oct 04 ’24. After this action, Kerr, II James Y now owns 145,088 shares of Southern Company, valued at $2,689,200 using the latest closing price.
Kerr, II James Y, the Officer of Southern Company, proposed sale 30,000 shares at $89.64 during a trade that took place back on Oct 04 ’24, which means that Kerr, II James Y is holding shares at $2,689,277 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 6.35. 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.
