Digging Up the Facts on Entergy Corporation (ETR)

Entergy Corporation (NYSE:ETR) is an interesting player in the Utilities space, with a focus on Electric Utilities. The stock has been active on the tape, currently trading at $71.83, up from yesterday’s close by 0.18%. 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

No amount of research is complete without a bird’s eye view of the financial data. Entergy Corporation (ETR) currently trades with a market capitalization of $12.87B. That value represents a market adjusting for revenues that have been falling by -7.30% 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 ETR, the company currently has $1.31B of cash on the books, which is offset by $15.07B current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $-1.64B over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of 0.15 on a per share basis this quarter. Perhaps, that suggests something about why 87.20% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how has been acting. Looking at the stock’s movement on the chart, Entergy Corporation recorded a 52-week high of 82.09. It is now trading 10.39 off that level. The stock is trading 71.69 its 50-day moving average by -0.010000000000005. The stock carved out a 52-week low down at 65.38.

In recent action, Entergy Corporation (ETR) has made a move of -1.24% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is outperforming the S&P 500 by 15.52, 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 178.71M with 3.76% sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of ETR.

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