The Home Depot, Inc. (HD): From Top to Bottom

The Home Depot, Inc. (HD) is an interesting player in the Services space, with a focus on Home Improvement Stores. The stock has been active on the tape, currently trading at $194.68, up from yesterday’s close by 1.50%. 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

The Home Depot, Inc. (HD) currently trades with a market capitalization of $227.39 Billion. That value represents a market adjusting for revenues that have been growing by 8.09 % 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 $9.78 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $1.62 on a per share basis this quarter. Perhaps, that suggests something about why 2.59% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how HD has been acting. Looking at the stock’s movement on the chart, The Home Depot, Inc. recorded a 52-week high of $193.72. It is now trading -0.96000000000001% off that level. The stock is trading $178.78 its 50-day moving average by -15.9%. The stock carved out a 52-week low down at $133.94.

In recent action, The Home Depot, Inc. (HD) has made a move of +7.08% 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 21.04, 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 0.90% with $1.17 Billion sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of HD.

Previous articleTaking a Fresh Look at Archer-Daniels-Midland Company (ADM)
Next articleDrilling Down Into ONEOK, Inc. (OKE)