Checking the Overall Picture for AECOM (ACM)

AECOM (NYSE:ACM) is an interesting player in the Services space, with a focus on Technical Services. The stock has been active on the tape, currently trading at $35.96, up from yesterday’s close by 1.24%. 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. AECOM (ACM) currently trades with a market capitalization of $5.54B. That value represents a market adjusting for revenues that have been falling by -8.50% 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 ACM, the company currently has $692.15M of cash on the books, which is offset by $4.13B current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $1.00B over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of 0.53 on a per share basis this quarter. Perhaps, that suggests something about why 86.70% 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, AECOM recorded a 52-week high of 40.72. It is now trading 5.2 off that level. The stock is trading 37.53 its 50-day moving average by 2.01. The stock carved out a 52-week low down at 22.80.

In recent action, AECOM (ACM) has made a move of -5.64% 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 18.85, 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 152.51M with 3.58% sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of ACM.

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