Checking the Overall Picture for KeyCorp (KEY)

KeyCorp (KEY) is an interesting player in the Financial space, with a focus on Regional – Midwest Banks. The stock has been active on the tape, currently trading at $20.17, down from yesterday’s close by -0.88%. 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

KeyCorp (KEY) currently trades with a market capitalization of $21.88 Billion. That value represents a market adjusting for revenues that have been growing by 24.61 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $1.28 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.35 on a per share basis this quarter. Perhaps, that suggests something about why 0.62% 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, KeyCorp recorded a 52-week high of $20.58. It is now trading 0.41% off that level. The stock is trading $18.94 its 50-day moving average by -1.23%. The stock carved out a 52-week low down at $16.28.

In recent action, KeyCorp (KEY) has made a move of +6.27% 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 19.03, 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 1.66% with $1.07 Billion sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of KEY.

Previous articleZimmer Biomet Holdings, Inc. (ZBH): What’s the Story?
Next articleHow Does Cenovus Energy Inc. (CVE) Stack Up Right Now?