United Technologies Corporation (UTX) is an interesting player in the Industrial Goods space, with a focus on Aerospace/Defense Products & Services. The stock has been active on the tape, currently trading at $113.45, up from yesterday’s close by 0.99%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.
Does this stock stack up well when compared to its peers in the industry space? Let’s take a look. United Technologies Corporation (UTX) currently trades with a market capitalization of $90.95 Billion. That value represents a market adjusting for revenues that have been growing by 2.51 % 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 UTX, the company currently has $7.16 Billion of cash on the books, which is offset by $2.2 Billion current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $4.71 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $1.38 on a per share basis this quarter. Perhaps, that suggests something about why 0.35% of the outstanding share supply is held by institutional investors.
No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, United Technologies Corporation recorded a 52-week high of $114.44. It is now trading 0.98999999999999% off that level. The stock is trading $111.37 its 50-day moving average by -2.08%. The stock carved out a 52-week low down at $95.01.
In recent action, United Technologies Corporation (UTX) has made a move of +1.23% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 1.29, 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 0.76% with $796.94 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of UTX.