Checking the Overall Picture for KeyCorp (NYSE:KEY)

KeyCorp (KEY) is an interesting player in the Financial space, with a focus on Regional – Midwest Banks. The stock has been active on the tape, currently trading at $20.64, up from yesterday’s close by 1.43%. 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

KeyCorp (KEY) currently trades with a market capitalization of $21.78 Billion. That value represents a market adjusting for revenues that have been growing by 8.29 % 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 $1.92 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.42 on a per share basis this quarter. Perhaps, that suggests something about why 0.71% 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, KeyCorp recorded a 52-week high of $22.40. It is now trading 1.76% off that level. The stock is trading $20.04 its 50-day moving average by -0.6%. The stock carved out a 52-week low down at $16.28.

In recent action, KeyCorp (KEY) has made a move of +5.58% 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 15.08, 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 1.19% with $1.03 Billion sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of KEY.

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