McDermott International, Inc. (MDR) is an interesting player in the Basic Materials space, with a focus on Oil & Gas Equipment & Services. The stock has been active on the tape, currently trading at $7.78, up from yesterday’s close by 2.77%. 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
McDermott International, Inc. (MDR) currently trades with a market capitalization of $2.28 Billion. That value represents a market adjusting for revenues that have been growing by 71.61 % 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 $60.29 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.03 on a per share basis this quarter. Perhaps, that suggests something about why 2.43% 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, McDermott International, Inc. recorded a 52-week high of $9.07. It is now trading 1.29% off that level. The stock is trading $7.59 its 50-day moving average by -0.19%. The stock carved out a 52-week low down at $5.56.
In recent action, McDermott International, Inc. (MDR) has made a move of -0.64% 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 13.35, 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 18.62% with $281.05 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of MDR.