Taking a Fresh Look at Washington Prime Group Inc. (WPG)

Washington Prime Group Inc. (WPG) is an interesting player in the Financial space, with a focus on Property Management. The stock has been active on the tape, currently trading at $5.72, up from yesterday’s close by 1.60%. 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

Washington Prime Group Inc. (WPG) currently trades with a market capitalization of $1.12 Billion. That value represents a market adjusting for revenues that have been falling by -14.58 % 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 $231.38 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $0.1 on a per share basis this quarter. Perhaps, that suggests something about why 0.72% 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, Washington Prime Group Inc. recorded a 52-week high of $9.79. It is now trading 4.07% off that level. The stock is trading $6.74 its 50-day moving average by 1.02%. The stock carved out a 52-week low down at $5.40.

In recent action, Washington Prime Group Inc. (WPG) has made a move of -17.34% 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 13.35, 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 12.83% with $185.28 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of WPG.

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