AK Steel Holding Corporation (AKS) is an interesting player in the Basic Materials space, with a focus on Steel & Iron. The stock has been active on the tape, currently trading at $5.19, down from yesterday’s close by -3.17%. 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
AK Steel Holding Corporation (AKS) currently trades with a market capitalization of $1.70 Billion. That value represents a market adjusting for revenues that have been growing by 5.43 % 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 $46.3 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.01 on a per share basis this quarter. Perhaps, that suggests something about why 1.74% of the outstanding share supply is held by institutional investors.
It’s important to check the technicals to get a sense of how AKS has been acting. Looking at the stock’s movement on the chart, AK Steel Holding Corporation recorded a 52-week high of $8.65. It is now trading 3.46% off that level. The stock is trading $5.69 its 50-day moving average by 0.5%. The stock carved out a 52-week low down at $4.00.
In recent action, AK Steel Holding Corporation (AKS) has made a move of +9.03% 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 16.68, 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 20.78% with $311.31 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of AKS.