Molson Coors Brewing Company (TAP) is an interesting player in the Consumer Goods space, with a focus on Beverages – Brewers. The stock has been active on the tape, currently trading at $83.48, down from yesterday’s close by -2.33%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.
Money managers are always interested in a company that can find the right recipe of fundamental data because it reflects something important going on underneath the surface. Molson Coors Brewing Company (TAP) currently trades with a market capitalization of $18.11 Billion.
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 TAP, the company currently has $502.9 Million of cash on the books, which is offset by $686.6 Million current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $1.11 Billion over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $1.37 on a per share basis this quarter. Perhaps, that suggests something about why 50.91% of the outstanding share supply is held by institutional investors.
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, Molson Coors Brewing Company recorded a 52-week high of $112.19. It is now trading 28.71% off that level. The stock is trading $89.00 its 50-day moving average by 5.52%. The stock carved out a 52-week low down at $85.21.
In recent action, Molson Coors Brewing Company (TAP) has made a move of -6.22% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 33.45, 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 2.68% with $172.30 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of TAP.