Checking the Overall Picture for Viacom, Inc. (VIAB)

Viacom, Inc. (VIAB) is an interesting player in the Services space, with a focus on Entertainment – Diversified. The stock has been active on the tape, currently trading at $31.46, up from yesterday’s close by 2.48%. 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

Viacom, Inc. (VIAB) currently trades with a market capitalization of $12.81 Billion. That value represents a market adjusting for revenues that have been falling 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 $1.35 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.79 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.

Technical Analysis

It’s important to check the technicals to get a sense of how VIAB has been acting. Looking at the stock’s movement on the chart, Viacom, Inc. recorded a 52-week high of $45.00. It is now trading 13.54% off that level. The stock is trading $32.08 its 50-day moving average by 0.62%. The stock carved out a 52-week low down at $22.13.

In recent action, Viacom, Inc. (VIAB) has made a move of -0.60% 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 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 4.64% with $361.58 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of VIAB.

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