Gartner, Inc. (NYSE:IT) is an interesting player in the Technology space, with a focus on Information Technology Services. The stock has been active on the tape, currently trading at $99.84, up from yesterday’s close by 0.89%. 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. Gartner, Inc. (IT) currently trades with a market capitalization of $8.25B. That value represents a market adjusting for revenues that have been growing by 14.80% 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 IT, the company currently has $465.73M of cash on the books, which is offset by $751.31M current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $330.34M over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of 0.96 on a per share basis this quarter. Perhaps, that suggests something about why 94.90% 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, Gartner, Inc. recorded a 52-week high of 105.45. It is now trading 6.49 off that level. The stock is trading 101.57 its 50-day moving average by 2.61. The stock carved out a 52-week low down at 77.80.
In recent action, Gartner, Inc. (IT) has made a move of -3.94% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 4.97, 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 79.69M with 2.39% sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of IT.