Clutching At Straws? – The Southern Company (SO), Cognizant Technology Solutions Corporation (CTSH)

The stocks of The Southern Company (NYSE:SO) has been Upgraded as a In-line from Underperform by Evercore ISI in its latest research note that was published on February 22. The stock also received a Sell to Neutral rating from Citigroup. This was contained in a research note published by the firm on January 24. The stock received a Underperform to Neutral rating in BofA/Merrill’s research note that was published on October 10.

The’s stock is covered by 19 analysts, with 2 of them rating the stock as Buy. It has been deemed to have strong buy by none of the analysts, 11 of them have rated it as a Hold while 5 of them rated it as sell. The situation was different a month ago when the stock was rated as a Buy by only 2 analysts. none of them rated it as strong buy with 12 of them recommended investors to Hold on to the stock. Meanwhile, 1 analyst(s) rated it as a sell. The above data shows that SO has an average analyst rating of Hold.

The Southern Company, which has current market capitalization of above $64 Billion, published its last quarter earnings on June 30, 2019. The company was able to amass $5 Billion in revenue, which saw a quarterly growth rate of -10.73 percent. During that quarter of the year, The also recorded $0.8 earnings per share (EPS) which is $0.08 above the $0.72 estimated by the analysts, leading to a surprise factor of 11.11%.

SO surged by $0.14 during the normal trading session on Friday and reaching a high of $61.94 during the day while it closed the day at $61.52. The The stock had a low trading volume of 3.46 million shares on that day, which is low compared to the average daily volume of 4.75M shares. SO has also lost 0.85% of its value over the past 7 days. However, the stock has surged by 9.64% in the 3 months of the year. Over the past six months meanwhile, it has gained 17.18% while it has added 40.07% year-on date.

Shares in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) jumped over 1.09 percent on Friday. The company’s stock began trading at $60.45 above the previous closing price of $59.8, and finished the day at $60.61. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -10.71% from its 3 months high price. However, taking another look at CTSH will indicate that it is trading +3.33% away from its 90-day low. Looking at the bigger picture, the Cognizant Technology Solutions Corporation stock has dropped by -19.02% from its 52-week high while it has surged by +6.84% from its 52-week low price.

On September 13, 2019 Friedrich Matthew W., General Counsel sold 452 shares of the company. The average price for that transaction was $64.29 per share, which meant that Friedrich Matthew W. earned $29,059.08 selling the stocks. The sale was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with EVP – Chief People Officer, Lennox James Patrick selling 1,125 shares of this stock on September 13, 2019. The average selling price for the stock was $64.30 per share, with the sold stock accruing $72,337.50. Following this transaction, the insider now holds 2,010 shares of the company, which is worth around $124,218.00.

Let us now take a quick look at the stock’s short, medium and long-term indicators. Composite Indicator shows that CTSH stock was rated as a Sell by TrendSpotter. Its short-term indicators reveal that Cognizant has a 20-day average volume of 3340445 shares. This has led to the CTSH price forecast being placed as a 100%Sell on an average basis. In the medium term, however, the CTSH stock has its 50-Day average volume of 3171216 shares, with the indicators also rating it as a 100%Sell. Finally, in the long-term, the CTSH stocks have a 100-Day average volume of 3903769 shares, with the long-term indicators rating the stock as just 100%Sell.

Cognizant has around 2 Billion cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $3 Billion. The Cognizant stock is bringing in revenue of over 12 months, which is roughly 16 Billion. Despite all that, Cognizant Technology Solutions Corporation is seeing things progressing very much as their y-o-y quarterly revenue surged by 8.77%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 28.07%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 33.22%. Over the past 20 days, Cognizant’s Stochastic %K stood at 20.66% while its Stochastic %D was revealed to be 14.71%.