Aetna Inc. (AET) is an interesting player in the Healthcare space, with a focus on Health Care Plans. The stock has been active on the tape, currently trading at $175.89, up from yesterday’s close by 1.71%. 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
Aetna Inc. (AET) currently trades with a market capitalization of $57.62 Billion. That value represents a market adjusting for revenues that have been falling by -5.54 % 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 -$878 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $2.97 on a per share basis this quarter. Perhaps, that suggests something about why 0.50% of the outstanding share supply is held by institutional investors.
No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Aetna Inc. recorded a 52-week high of $194.40. It is now trading 18.51% off that level. The stock is trading $174.88 its 50-day moving average by -1.01%. The stock carved out a 52-week low down at $127.86.
In recent action, Aetna Inc. (AET) has made a move of +1.14% 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 13.41, 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 1.20% with $325.49 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of AET.