How Does McKesson Corporation (MCK) Stack Up Right Now?

McKesson Corporation (MCK) is an interesting player in the Services space, with a focus on Drugs Wholesale. The stock has been active on the tape, currently trading at $147.88, up from yesterday’s close by 3.52%. 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

McKesson Corporation (MCK) currently trades with a market capitalization of $30.75 Billion. That value represents a market adjusting for revenues that have been growing by 6.96 % 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 $2.33 Billion over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $3.56 on a per share basis this quarter. Perhaps, that suggests something about why 0.12% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, McKesson Corporation recorded a 52-week high of $178.86. It is now trading 30.98% off that level. The stock is trading $147.86 its 50-day moving average by -0.019999999999982%. The stock carved out a 52-week low down at $133.82.

In recent action, McKesson Corporation (MCK) has made a move of -2.92% 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 4.01% with $205.97 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of MCK.

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