How Does Symantec Corporation (SYMC) Stack Up Right Now?

Symantec Corporation (SYMC) is an interesting player in the Technology space, with a focus on Security Software & Services. The stock has been active on the tape, currently trading at $33.70, up from yesterday’s close by 1.35%. 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

Does this stock stack up well when compared to its peers in the industry space? Let’s take a look. Symantec Corporation (SYMC) currently trades with a market capitalization of $20.87 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 SYMC, the company currently has $2.27 Billion of cash on the books. You can get a sense of how sustainable that is by a levered free cash flow of $670 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.43 on a per share basis this quarter. Perhaps, that suggests something about why 95.65% 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, Symantec Corporation recorded a 52-week high of $34.20. It is now trading 0.5% off that level. The stock is trading $30.90 its 50-day moving average by -2.8%. The stock carved out a 52-week low down at $22.76.

In recent action, Symantec Corporation (SYMC) has made a move of +10.13% 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 17.45, 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 3.62% with $608.01 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of SYMC.

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