The Southern Company (NYSE:SO) saw a downside of -0.24% to close Tuesday at $66.70 after subtracting -$0.16 on the day. The 5-day average trading volume is 3,674,360 shares of the company’s common stock. It has gained $71.18 in the past week and touched a new high 2 times within the past 5 days. An average of 3,501,230 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,567,756.
SO’s 1-month performance is -5.70% or -$5.04 on its low of $58.85 reached on 01/24/23. The company’s shares have touched a 52-week low of $60.71 and high of $80.57, with the stock’s rally to the 52-week high happening on 01/04/23. YTD, SO has lost -6.60% or -$4.71 and has reached a new high 2 times. However, the current price is down -17.21% from the 52-week high price.
SO stock investors last saw insider trading activity on Jan 10.Kuczynski Stephen E (Pres. & CEO, Southern Nuclear) most recently sold 14,546 shares at $70.95 per share on Jan 10. This transaction cost the insider $1,032,039. EVP & CCCS Officer, Cummiskey Christopher, sold 1,027 shares at a price of $72.03 on Jan 04. Then, on Dec 07, EVP and CIO DAVIS MARTIN BERNARD sold 1,475 shares at a price of $68.35 per share. This transaction amounted to $100,816.
SO stock has a beta of 0.50. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.57 while the price-to-book (PB) in the most recent quarter is 2.31.
The Southern Company’s quick ratio for the period ended September 29 was 0.60, with the current ratio over the same period at 0.80. As well, the company’s long term debt to equity for the quarter ending September 29 was 1.61, while the total debt to equity was 1.76.. In terms of profitability, the gross margin trailing 12 months is 84.10%. The firm’s gross profit as reported stood at $3.7 billion against revenue of $23.11 billion.
For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -13.62% to $1.1 billion, while revenue of $372.0 million was 66.21% off the previous quarter. Analysts expected SO to announce $1.33 per share in earnings in its latest quarter, but it posted $1.31, representing a -1.50% surprise. EBITDA for the quarter stood at more than $3.28 billion. SO stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 98.29 billion, with total debt at $56.96 billion. Shareholders hold equity totaling $1.09 billion.
Let’s look briefly at The Southern Company (SO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 29.30% to suggest the stock is trending oversold, with historical volatility in this time period at 19.79%.
The stock’s 5-day moving average is $66.97, reflecting a -4.78% or -$3.35 change from its current price. SO is currently trading -5.74% above its 20-day SMA, -14.02% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +5.14% and SMA200 by-12.82%.
Stochastic %K and %D was 34.13% and 19.87% and the average true range (ATR) pointed at 2.65. The RSI (14) points at 36.22%, while the 14-day stochastic is at 55.34% with the period’s ATR at 2.19. The stock’s 9-day MACD Oscillator is pointing at -1.68 and -2.70 on the 14-day charts.
In the most recent analyst report for The Southern Company (NYSE: SO), KeyBanc Capital Markets downgraded it to a Sector weight rating. They previously had an Overweight rating on the stock. Analysts offering their rating for SO stock have a consensus rating for the stock as Hold. Currently, 3 brokerage advisors rate SO as a “sell,”, while 7 advise that investors “Hold.” 2 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.
What is SO’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $64.00 and a high of $81.00, with their median price target at $72.50. Looking at these predictions, the average price target given by analysts is for The Southern Company (SO) stock is $72.43.