How Does Worthington Industries, Inc. (WOR) Stack Up Right Now?

Worthington Industries, Inc. (NYSE:WOR) is an interesting player in the Basic Materials space, with a focus on Steel & Iron. The stock has been active on the tape, currently trading at $46.73, up from yesterday’s close by -1.79%. 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 space? Let’s take a look. Worthington Industries, Inc. (WOR) currently trades with a market capitalization of $2.98B. That value represents a market adjusting for revenues that have been growing by 4.00% 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 WOR, the company currently has $175.18M of cash on the books, which is offset by $577.60M current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $149.12M over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of 0.66 on a per share basis this quarter. Perhaps, that suggests something about why 52.50% 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, Worthington Industries, Inc. recorded a 52-week high of 62.44. It is now trading 14.86 off that level. The stock is trading 52.98 its 50-day moving average by 5.4. The stock carved out a 52-week low down at 25.50.

In recent action, Worthington Industries, Inc. (WOR) has made a move of -15.80% 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 55.93, 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 44.94M with 11.06% sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of WOR.

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