So Far This Year, SouthState Corporation (SSB) Reached A New High 3 times


As of Friday close, SouthState Corporation’s (NASDAQ:SSB) stock was down -$2.94, moving down -3.88 percent to $72.76. The average number of shares traded per day over the past five days has been 3,912,680 shares. 3 times new highs have been achieved over the past 5 days, with a -$2.96 fall in that time frame. In the last twenty days, the average volume was 1,480,270, while in the previous 50 days, it was 869,780.

Since last month, SSB stock retreated -11.54%. Shares of the company fell to $66.56 on 03/13/23, the lowest level in the past month. A 52-week high of $91.74 was reached on 03/06/23 after having rallying from a 52-week low of $66.56. Since the beginning of this year, SSB’s stock price has dropped by -4.71% or -$3.60, and marked a new high 8 times. However, the stock has declined by -20.69% 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 8 days ago on Mar 10. PAGE G RUFFNER JR, the Director of the company, purchased of 14,000 shares for $71.75 on Mar 10. It resulted in a $1,004,500 investment by the insider. HILL ROBERT R JR sold 24,900 shares at an average price of $83.74 on Mar 06. The insider now owns 9,993 shares following the transaction. On Mar 06, President, Atlanta Banking Grp Williams Douglas Lloyd sold 23,400 shares at $85.01 apiece. The transaction was valued at $1,989,234.

Valuation Metrics

Right now, SouthState Corporation (SSB) has a P/E ratio of about 11.05. The stock’s beta is 0.81. Besides these, the trailing price-to-sales (P/S) ratio of 3.90, the price-to-book (PB) ratio of 1.08, and the price-to-cash flow ratio of 3.48 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.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.08, and the total debt-to-equity ratio was 0.08. In the year ended December 30, operating margins totaled 89.80%. Based on annual data, SSB earned $1.34 billion in gross profit and brought in $1.4 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 18.50%. Return on equity (ROE) for the past 12 months was 9.80%.

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 $2.02 quarterly earnings, the actual figure was $1.88 per share, beating the consensus estimate by -6.90%. The value of shareholders’ equity is $75.85 million.

Technical Picture

This quick technical analysis looks at SouthState Corporation’s (SSB) price momentum. With a historical volatility rate of 77.87%, the RSI 9-day stood at 39.83% on 17 March.

With respect to its five-day moving average, the current SouthState Corporation price is down by -3.91% percent or -$2.96. At present, SSB shares trade -9.89% below its 20-day simple moving average and -14.68% percent below its 100-day simple moving average. However, the stock is currently trading approximately -5.09% below its SMA50 and -9.97% below its SMA200.

Stochastic coefficient K was 39.87% and Stochastic coefficient D was 39.30%, while ATR was 4.40. Given the Stochastic reading of 32.94% for the 14-day period, the RSI (14) reading has been calculated as 40.87%. As of today, the MACD Oscillator reading stands at -1.14, while the 14-day reading stands at -3.02.


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