As of Wednesday close, SouthState Corporation’s (NASDAQ:SSB) stock was down -$0.41, moving down -0.47 percent to $87.48. The average number of shares traded per day over the past five days has been 298,180 shares. 4 times new highs have been achieved over the past 5 days, with a $2.77 gain in that time frame. In the last twenty days, the average volume was 316,375, while in the previous 50 days, it was 349,016.
Since last month, SSB stock retreated -1.17%. Shares of the company fell to $83.03 on 11/17/22, the lowest level in the past month. A 52-week high of $93.34 was reached on 01/18/22 after having rallying from a 52-week low of $72.25. Since the beginning of this year, SSB’s stock price has risen by 9.20% or $7.37, and marked a new high 11 times. However, the stock has declined by -6.28% since its 52-week high.
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SSB stock investors should be aware that SouthState Corporation (SSB) stock had its last reported insider trading activity 17 days ago on Nov 07. HORGER ROBERT R, the Director of the company, disposed of 3,254 shares for $90.50 on Nov 07. It resulted in a $294,487 divestment by the insider. HORGER ROBERT R sold 2,167 shares at an average price of $89.00 on Nov 01. The insider now owns 27,667 shares following the transaction. On Oct 31, Director HORGER ROBERT R sold 3,630 shares at $89.00 apiece. The transaction was valued at $323,070.
Right now, SouthState Corporation (SSB) has a P/E ratio of about 14.05. The stock’s beta is 0.78. Besides these, the trailing price-to-sales (P/S) ratio of 5.24, the price-to-book (PB) ratio of 1.34, and the price-to-cash flow ratio of 12.15 may also be considered.
The latest dividend of $0.50 per share was paid out, remained unchanged from last year’s $0.50. On Thursday July 28 2022, a $0.01 dividend increase was announced.
According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.08, and the total debt-to-equity ratio was 0.08. In the year ended September 29, operating margins totaled 94.20%. Based on annual data, SSB earned $1.03 billion in gross profit and brought in $1.08 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 18.10%. Return on equity (ROE) for the past 12 months was 9.20%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected SouthState Corporation to report $1.83 quarterly earnings, the actual figure was $1.89 per share, beating the consensus estimate by 3.30%. The value of shareholders’ equity is $75.7 million.
This quick technical analysis looks at SouthState Corporation’s (SSB) price momentum. With a historical volatility rate of 27.58%, the RSI 9-day stood at 52.22% on 23 November.
With respect to its five-day moving average, the current SouthState Corporation price is up by +3.27% percent or $2.77. At present, SSB shares trade -0.43% below its 20-day simple moving average and +12.89% percent above its 100-day simple moving average. However, the stock is currently trading approximately +8.37% above its SMA50 and -1.46% below its SMA200.
Stochastic coefficient K was 51.70% and Stochastic coefficient D was 42.34%, while ATR was 2.18. Given the Stochastic reading of 52.85% for the 14-day period, the RSI (14) reading has been calculated as 52.27%. As of today, the MACD Oscillator reading stands at 1.11, while the 14-day reading stands at -0.09.
Piper Sandler upgraded its rating on SouthState Corporation (NASDAQ: SSB) to an Overweight in a note to investors on September 28, 2022. The analysts firm previously had a Neutral rating on the stock.SouthState Corporation (SSB) has been rated Buy by analysts. According to 0 brokerage firms, SSB is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate SouthState Corporation stock as buy, with 5 recommending it as overweight.
With a median target price of $100.00, the current consensus forecast for the stock is $95.00 – $110.00. Based on these forecasts, analysts predict SouthState Corporation (SSB) will achieve an average price target of $101.14.