How Does Office Depot, Inc. (ODP) Stack Up Right Now?

Office Depot, Inc. (ODP) is an interesting player in the Services space, with a focus on Specialty Retail, Other. The stock has been active on the tape, currently trading at $5.19, down from yesterday’s close by -1.33%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Does this stock stack up well when compared to its peers in the industry space? Let’s take a look. Office Depot, Inc. (ODP) currently trades with a market capitalization of $2.86 Billion. That value represents a market adjusting for revenues that have been growing by 278.61 % 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 ODP, the company currently has $763 Million of cash on the books, which is offset by $29 Million current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $381 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.07 on a per share basis this quarter. Perhaps, that suggests something about why 4.52% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Office Depot, Inc. recorded a 52-week high of $6.23. It is now trading 1.04% off that level. The stock is trading $4.77 its 50-day moving average by -0.42%. The stock carved out a 52-week low down at $2.98.

In recent action, Office Depot, Inc. (ODP) has made a move of +8.35% 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 30.9, 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 2.28% with $549.69 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of ODP.

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