Costco Wholesale Corporation (COST) is an interesting player in the Services space, with a focus on Discount, Variety Stores. The stock has been active on the tape, currently trading at $194.58, up from yesterday’s close by 3.00%. 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
Costco Wholesale Corporation (COST) currently trades with a market capitalization of $85.34 Billion. That value represents a market adjusting for revenues that have been growing by 10.85 % 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 $2.92 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $1.66 on a per share basis this quarter. Perhaps, that suggests something about why 0.52% of the outstanding share supply is held by institutional investors.
It’s important to check the technicals to get a sense of how COST has been acting. Looking at the stock’s movement on the chart, Costco Wholesale Corporation recorded a 52-week high of $199.88. It is now trading 5.3% off that level. The stock is trading $186.52 its 50-day moving average by -8.06%. The stock carved out a 52-week low down at $150.00.
In recent action, Costco Wholesale Corporation (COST) has made a move of +4.69% 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 1.64% with $435.96 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of COST.