PG&E Corporation (PCG) is an interesting player in the Utilities space, with a focus on Electric Utilities. The stock has been active on the tape, currently trading at $45.10, up from yesterday’s close by 6.32%. 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
PG&E Corporation (PCG) currently trades with a market capitalization of $23.23 Billion. That value represents a market adjusting for revenues that have been falling by -13.01 % 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 $336 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $1.01 on a per share basis this quarter. Perhaps, that suggests something about why 0.32% of the outstanding share supply is held by institutional investors.
It’s important to check the technicals to get a sense of how PCG has been acting. Looking at the stock’s movement on the chart, PG&E Corporation recorded a 52-week high of $71.57. It is now trading 26.47% off that level. The stock is trading $42.15 its 50-day moving average by -2.95%. The stock carved out a 52-week low down at $37.30.
In recent action, PG&E Corporation (PCG) has made a move of +14.64% 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 1.49% with $513.47 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of PCG.