Vonage Holdings Corp. (VG) is an interesting player in the Technology space, with a focus on Diversified Communication Services. The stock has been active on the tape, currently trading at $10.70, down from yesterday’s close by -0.83%. 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
Vonage Holdings Corp. (VG) currently trades with a market capitalization of $2.40 Billion. That value represents a market adjusting for revenues that have been growing by 1.90 % 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 $80.4 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $0.09 on a per share basis this quarter. Perhaps, that suggests something about why 7.46% 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, Vonage Holdings Corp. recorded a 52-week high of $11.32. It is now trading 0.62% off that level. The stock is trading $10.44 its 50-day moving average by -0.26%. The stock carved out a 52-week low down at $5.74.
In recent action, Vonage Holdings Corp. (VG) has made a move of -0.47% 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 13.62, 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 2.18% with $207.20 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of VG.