Taking a Look at the Data Behind Praxair, Inc. (PX)

Praxair, Inc. (PX) is an interesting player in the Basic Materials space, with a focus on Chemicals – Major Diversified. The stock has been active on the tape, currently trading at $151.20, up from yesterday’s close by 3.19%. 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

Praxair, Inc. (PX) currently trades with a market capitalization of $43.53 Billion. That value represents a market adjusting for revenues that have been growing by 11.69 % 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 $1.73 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $1.56 on a per share basis this quarter. Perhaps, that suggests something about why 0.32% of the outstanding share supply is held by institutional investors.



Technical Analysis

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, Praxair, Inc. recorded a 52-week high of $166.95. It is now trading 15.75% off that level. The stock is trading $150.69 its 50-day moving average by -0.50999999999999%. The stock carved out a 52-week low down at $117.43.

In recent action, Praxair, Inc. (PX) has made a move of -2.02% 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 1.97% with $286.36 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of PX.

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