The Kroger Co. (KR) is an interesting player in the Services space, with a focus on Grocery Stores. The stock has been active on the tape, currently trading at $27.20, down from yesterday’s close by -1.66%. 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
The Kroger Co. (KR) currently trades with a market capitalization of $23.89 Billion. That value represents a market adjusting for revenues that have been growing by 4.49 % on a quarterly year/year basis as of the company’s last quarterly report.
You can get a sense of how sustainable that is by a levered free cash flow of $383 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.62 on a per share basis this quarter. Perhaps, that suggests something about why 1.23% of the outstanding share supply is held by institutional investors.
Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, The Kroger Co. recorded a 52-week high of $34.75. It is now trading 7.55% off that level. The stock is trading $28.01 its 50-day moving average by 0.81%. The stock carved out a 52-week low down at $19.69.
In recent action, The Kroger Co. (KR) has made a move of -3.34% 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 12.51, and it’s gotten there by action that has been less 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 3.54% with $876.36 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of KR.