Taking a Look at the Data Behind CSX Corporation (CSX)

CSX Corporation (CSX) is an interesting player in the Services space, with a focus on Railroads. The stock has been active on the tape, currently trading at $51.34, down from yesterday’s close by -1.53%. 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. CSX Corporation (CSX) currently trades with a market capitalization of $47.37 Billion. That value represents a market adjusting for revenues that have been growing by 9.59 % 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 CSX, the company currently has $930 Million of cash on the books, which is offset by $331 Million current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $916 Million over the past twelve months. Generally speaking, earnings are expected to hold steady in coming quarters. Analysts are forecasting earnings of $0.58 on a per share basis this quarter. Perhaps, that suggests something about why 0.22% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, CSX Corporation recorded a 52-week high of $52.65. It is now trading 1.31% off that level. The stock is trading $48.69 its 50-day moving average by -2.65%. The stock carved out a 52-week low down at $23.97.

In recent action, CSX Corporation (CSX) has made a move of +8.70% 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 87.59, 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 1.97% with $918.62 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of CSX.

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