Louisiana (PACIFICCORPORATION(LPX):LPX) is an interesting player in the Services space, with a focus on Building Materials Wholesale. The stock has been active on the tape, currently trading at $19.68, up from yesterday’s close by 0.87%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.
No amount of research is complete without a bird’s eye view of the financial data. Louisiana currently trades with a market capitalization of $2.80B. That value represents a market adjusting for revenues that have been growing by 28.30% on a quarterly year/year basis as of the company’s last quarterly report.
The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For LPX, the company currently has $559.70M of cash on the books, which is offset by $832.40M current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $-392.15M over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of 0.19 on a per share basis this quarter. Perhaps, that suggests something about why 119.10% of the outstanding share supply is held by institutional investors.
We’ve taken a serious look at this stock from a fundamental perspective, but the tale of the tape may offer more hints about what lies under the surface. Looking at the stock’s movement on the chart, Louisiana recorded a 52-week high of 21.16. It is now trading 1.65 off that level. The stock is trading 19.82 its 50-day moving average by 0.31. The stock carved out a 52-week low down at 13.31.
In recent action, Louisiana has made a move of -5.34% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is outperforming the S&P 500 by 4.3, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 141.36M with 1.76% sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of LPX.