Wait For Re-Entry Opportunities: The Southern Company (SO) and FLIR Systems Inc. (FLIR)

The stock of The Southern Company (SO) increased by 1.15% to finish the standard trading session at $57.83. During that period, a total of 4769376 shares were traded, and this stock’s average trading volume is currently 3.92M shares per day. Important things to pay attention to when considering a stock’s current and future price are the 52-week high and low price points. Shares of The Southern Company (SO) are currently -18.66% below their 52-week high mark and 37.82% higher than the 52-week low mark.

The Vanguard Group, Inc. opened a new position with shares of The Southern Company (SO) during the lastest quarter, according to the public company’s latest Form 13F filing with the US Securities and Exchange Commission (SEC). This particular institutional investor became the owner of 86,183,250 shares of the Utilities – Regulated Electric provider’s common stock, which is currently worth approximately $4.5 billion. According to the latest SEC filing from The Vanguard Group, Inc., the firm held approximately 8.16% of The Southern Company. On a separate note, BlackRock Fund Advisors entered a new position in The Southern Company stock during the lastest quarter, holdings valued at $2.92 billion. Institutional investors and hedge funds hold 59.40% of this public company’s common stock.

Turning now to this publicly-traded company’s past performance, we will explore different moving trends for SO. This stock gained 7.69% during the last week and rose 10.59% over the last one-month period. Shares of this organization’s stock rose 8.99% throughout the last quarter. Within the last six months, the stock has increased 4.92%, with a full-year loss of -6.61%. At the time of writing, this stock’s year-to-date (YTD) price performance is now negative at -9.22%.

Out of a total of 18 brokerages that are currently covering The Southern Company (SO) stock, the average recommendation is “Hold” according to WSJ. 1 equities research analyst has rated the stock with a “Overweight” recommendation, 5 analysts have given this stock a “Buy” recommendation, 8 analysts have recommended that investors “Hold” this stock, and 3 analysts have given this stock a “Sell” rating and 1 suggested “Underweight”. Analysts’ average 1-year price target, among all the brokerages, is $59.50.

Shares of FLIR Systems Inc. (FLIR) managed to reach a high of $37.54 and dropped down to a low of $36.46, before this stock settled at $36.66 at the end of the latest trading session. This organization’s stock has been displaying bullish momentum. Its Average True Range, or ATR, has fallen consistently after each of the most recent 14 trading sessions. Stock traders typically look at the ATR when they want to focus on technical analysis. At the time of writing, the 14-day ATR for FLIR Systems Inc. (FLIR) is sitting at 1.00. FLIR Systems Inc. currently has a 52-week low of $23.85 with a 52-week high of $59.44. This organization has a debt-to-equity ratio of 0.49, a quick ratio of 1.20, and a current ratio of 1.90. This public company has a market cap of $4.8 billion, a beta of 1.55, a price-to-earnings-growth ratio of 5.83, and price-to-earnings ratio of 34.98.

FRANK JEFFREY, the Sr VP, Global Product Strategy of FLIR Systems Inc. (FLIR), sold 24,456 shares of FLIR Systems Inc. stock in an exchange that took place on Jun 05. The shares were sold at an average price of $46.94 each, amounting to a total Sale worth $1,147,965. As of the close of the Sale, the Sr VP, Global Product Strategy now directly holds 27,131 shares of the organization’s stock, which is now worth about $994622.46. The deal was disclosed in a Securities & Exchange Commission legal filing, which can be publicly viewed on the SEC website.

FLIR Systems Inc. (FLIR) most recently publicly disclosed its earnings results on August 06, 2020. The organization posted $0.64 earnings per share (EPS) during the three-month period, which was $0.12 higher than the consensus estimate of $0.52. The company experienced a positive return on equity of 9.30% and a positive net margin of 9.10%. FLIR Systems Inc. reported revenue of $1.89B during the last year. During the year-ago, the company reported $1.05 EPS. Analysts forecast that FLIR Systems Inc. will report EPS of $0.55 for the current fiscal year.

Stock traders are taking a renewed look at shares of FLIR Systems Inc.. This stock’s current 14-day RSI is standing at 55.67%, with a 9-day RSI of 62.92%, and a 20-day RSI of 51.28%. The RSI, which stands for Relative Strength Index, is a widely-used oscillating indicator trusted by investors and traders alike. The RSI works within a range-bound space with values on a scale from 0 to 100. When the RSI line rises, the shares may be showing strength. The contrary is the case when the RSI line starts to fall. When using the RSI indicator, different time periods may be looked at. When using a shorter time frame, the RSI might be more volatile. A lot of traders keep their focus between the 30 and 70 marks on the RSI scale. A shift higher than 70 is widely-considered to demonstrate that the stock has entered overbought territory. Meanwhile, a drop below 30 indicates that it may be in oversold territory. Traders often use these levels to predict stock price reversals.