How Does Dycom Industries, Inc. (DY) Stack Up Right Now?

Dycom Industries, Inc. (DY) is an interesting player in the Industrial Goods space, with a focus on Heavy Construction. The stock has been active on the tape, currently trading at $108.88, down from yesterday’s close by -2.03%. 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

Dycom Industries, Inc. (DY) currently trades with a market capitalization of $3.38 Billion. That value represents a market adjusting for revenues that have been falling by -5.38 % 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 $136.89 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.3 on a per share basis this quarter. Perhaps, that suggests something about why 4.98% of the outstanding share supply is held by institutional investors.

Technical Analysis

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, Dycom Industries, Inc. recorded a 52-week high of $123.99. It is now trading 15.11% off that level. The stock is trading $113.87 its 50-day moving average by 4.99%. The stock carved out a 52-week low down at $73.95.

In recent action, Dycom Industries, Inc. (DY) has made a move of -7.80% 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 12.51, 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 15.38% with $29.49 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of DY.

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