Oclaro, Inc. (OCLR) is an interesting player in the Technology space, with a focus on Semiconductor Equipment & Materials. The stock has been active on the tape, currently trading at $10.04, up from yesterday’s close by 0.30%. 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
Oclaro, Inc. (OCLR) currently trades with a market capitalization of $1.68 Billion. That value represents a market adjusting for revenues that have been falling by -9.47 % 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 $50.57 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.08 on a per share basis this quarter. Perhaps, that suggests something about why 5.60% of the outstanding share supply is held by institutional investors.
It’s important to check the technicals to get a sense of how OCLR has been acting. Looking at the stock’s movement on the chart, Oclaro, Inc. recorded a 52-week high of $10.93. It is now trading 0.89% off that level. The stock is trading $6.94 its 50-day moving average by -3.1%. The stock carved out a 52-week low down at $5.61.
In recent action, Oclaro, Inc. (OCLR) has made a move of +56.63% 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 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 15.57% with $166.16 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of OCLR.