Digging Up the Facts on Waste Management, Inc. (WM)

Waste Management, Inc. (WM) is an interesting player in the Industrial Goods space, with a focus on Waste Management. The stock has been active on the tape, currently trading at $80.00, down from yesterday’s close by -1.95%. 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

Waste Management, Inc. (WM) currently trades with a market capitalization of $34.61 Billion. That value represents a market adjusting for revenues that have been growing by 2.06 % 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 $1.69 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $1.01 on a per share basis this quarter. Perhaps, that suggests something about why 0.87% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Waste Management, Inc. recorded a 52-week high of $89.73. It is now trading 9.73% off that level. The stock is trading $82.59 its 50-day moving average by 2.59%. The stock carved out a 52-week low down at $72.58.

In recent action, Waste Management, Inc. (WM) has made a move of -4.59% 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 12.54, 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 1.29% with $431.36 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of WM.

Previous articleTaking a Look at the Data Behind BGC Partners, Inc. (BGCP)
Next articleVAALCO Energy, Inc. (EGY): What’s the Story?