The Home Depot, Inc. (HD) is an interesting player in the Services space, with a focus on Home Improvement Stores. The stock has been active on the tape, currently trading at $178.35, down from yesterday’s close by -0.76%. 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
The Home Depot, Inc. (HD) currently trades with a market capitalization of $208.31 Billion. That value represents a market adjusting for revenues that have been growing by 7.55 % 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 $9.78 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $2.07 on a per share basis this quarter. Perhaps, that suggests something about why 2.66% of the outstanding share supply is held by institutional investors.
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, The Home Depot, Inc. recorded a 52-week high of $207.60. It is now trading 29.25% off that level. The stock is trading $190.32 its 50-day moving average by 11.97%. The stock carved out a 52-week low down at $144.25.
In recent action, The Home Depot, Inc. (HD) has made a move of -3.10% 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 0.88% with $1.17 Billion sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of HD.