Checking the Overall Picture for Acuity Brands, Inc. (AYI)

Acuity Brands, Inc. (NYSE:AYI) is an interesting player in the Technology space, with a focus on Diversified Electronics. The stock has been active on the tape, currently trading at $215.18, up from yesterday’s close by 0.09%. 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. Acuity Brands, Inc. (AYI) currently trades with a market capitalization of $9.49B. That value represents a market adjusting for revenues that have been growing by 15.60% 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 AYI, the company currently has $451.20M of cash on the books, which is offset by $356.00M current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $206.02M over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of 1.85 on a per share basis this quarter. Perhaps, that suggests something about why 92.50% of the outstanding share supply is held by institutional investors.

Technical Analysis

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, Acuity Brands, Inc. recorded a 52-week high of 280.89. It is now trading 65.91 off that level. The stock is trading 238.47 its 50-day moving average by 23.49. The stock carved out a 52-week low down at 169.42.

In recent action, Acuity Brands, Inc. (AYI) has made a move of -11.85% 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 16.71, 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 43.35M with 5.45% sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of AYI.

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