FLIR Systems, Inc. (FLIR): From Top to Bottom

FLIR Systems, Inc. (FLIR) is an interesting player in the Technology space, with a focus on Scientific & Technical Instruments. The stock has been active on the tape, currently trading at $42.68, up from yesterday’s close by 0.23%. 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. FLIR Systems, Inc. (FLIR) currently trades with a market capitalization of $5.85 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 FLIR, the company currently has $403.59 Million of cash on the books, which is offset by $15 Million current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $252.21 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.48 on a per share basis this quarter. Perhaps, that suggests something about why 95.19% of the outstanding share supply is held by institutional investors.

Technical Analysis

We’ve taken a serious look at this stock from a fundamental perspective, but the tale of the tape may offer more hints about what lies under the surface. Looking at the stock’s movement on the chart, FLIR Systems, Inc. recorded a 52-week high of $43.00. It is now trading 0.32% off that level. The stock is trading $38.94 its 50-day moving average by -3.74%. The stock carved out a 52-week low down at $28.26.

In recent action, FLIR Systems, Inc. (FLIR) has made a move of +8.77% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 19.8, 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 0.96% with $135.93 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of FLIR.

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