How Does Fulton Financial Corporation (FULT) Stack Up Right Now?

Fulton Financial Corporation (NASDAQ:FULT) is an interesting player in the Financial space, with a focus on Regional – Northeast Banks. The stock has been active on the tape, currently trading at $18.55, up from yesterday’s close by -2.11%. 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

It’s important to get a feel for how any stock is actually valued on the market based on its core numbers. Fulton Financial Corporation (FULT) currently trades with a market capitalization of $3.21B. That value represents a market adjusting for revenues that have been growing 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 FULT, the company currently has $539.20M of cash on the books, which is offset by $1.31B current liabilities. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of 0.24 on a per share basis this quarter. Perhaps, that suggests something about why 57.00% 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, Fulton Financial Corporation recorded a 52-week high of 19.45. It is now trading 0.5 off that level. The stock is trading 18.75 its 50-day moving average by -0.2. The stock carved out a 52-week low down at 11.48.

In recent action, Fulton Financial Corporation (FULT) has made a move of -2.62% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is outperforming the S&P 500 by 36.73, 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 172.02M with 3.07% sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of FULT.

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