AT&T Inc. (T) is an interesting player in the Technology space, with a focus on Telecom Services – Domestic. The stock has been active on the tape, currently trading at $36.55, down from yesterday’s close by -1.93%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.
Does this stock stack up well when compared to its peers in the industry space? Let’s take a look. AT&T Inc. (T) currently trades with a market capitalization of $225.00 Billion. That value represents a market adjusting for revenues that have been falling by -2.99 % 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 T, the company currently has $48.5 Billion of cash on the books, which is offset by $8.55 Billion current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $16.48 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.65 on a per share basis this quarter. Perhaps, that suggests something about why 56.87% of the outstanding share supply is held by institutional investors.
No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, AT&T Inc. recorded a 52-week high of $43.03. It is now trading 6.48% off that level. The stock is trading $35.73 its 50-day moving average by -0.82%. The stock carved out a 52-week low down at $32.55.
In recent action, AT&T Inc. (T) has made a move of +11.23% 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 19.31, 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 3.65% with $6.13 Billion sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of T.