How Does Archrock, Inc. (AROC) Stack Up Right Now?

Archrock, Inc. (AROC) is an interesting player in the Basic Materials space, with a focus on Oil & Gas Equipment & Services. The stock has been active on the tape, currently trading at $11.60, up from yesterday’s close by 1.75%. 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

Archrock, Inc. (AROC) currently trades with a market capitalization of $1.56 Billion. That value represents a market adjusting for revenues that have been growing by 11.67 % 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 -$43.64 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0 on a per share basis this quarter. Perhaps, that suggests something about why 4.14% of the outstanding share supply is held by institutional investors.

Technical Analysis

We’ve taken a serious look at this stock from a fundamental perspective, but the tale of the tape may offer more hints about what lies under the surface. Looking at the stock’s movement on the chart, Archrock, Inc. recorded a 52-week high of $13.01. It is now trading 1.41% off that level. The stock is trading $9.75 its 50-day moving average by -1.85%. The stock carved out a 52-week low down at $8.25.

In recent action, Archrock, Inc. (AROC) has made a move of +14.85% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 12.84, 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 4.60% with $122.21 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of AROC.

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