How Does The Home Depot, Inc. (HD) Stack Up Right Now?

The Home Depot, Inc. (HD) is an interesting player in the Services space, with a focus on Home Improvement Stores. The stock has been active on the tape, currently trading at $164.02, up from yesterday’s close by 0.28%. 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

Money managers are always interested in a company that can find the right recipe of fundamental data because it reflects something important going on underneath the surface. The Home Depot, Inc. (HD) currently trades with a market capitalization of $194.04 Billion.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For HD, the company currently has $4.83 Billion of cash on the books, which is offset by $545 Million current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $9 Billion over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $1.81 on a per share basis this quarter. Perhaps, that suggests something about why 70.44% 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, The Home Depot, Inc. recorded a 52-week high of $163.61. It is now trading -0.41% off that level. The stock is trading $154.00 its 50-day moving average by -10.02%. The stock carved out a 52-week low down at $119.20.

In recent action, The Home Depot, Inc. (HD) has made a move of +8.78% 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 16.57, 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 1.48% with $1.18 Billion sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of HD.

Previous articleChecking the Overall Picture for CarMax Inc. (KMX)
Next articleTaking a Fresh Look at United Parcel Service, Inc. (UPS)