Taking a Look at the Data Behind Altaba Inc. (AABA)

Altaba Inc. (AABA) is an interesting player in the Financial space, with a focus on Asset Management. The stock has been active on the tape, currently trading at $67.72, up from yesterday’s close by 0.09%. 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

No amount of research is complete without a bird’s eye view of the financial data. Altaba Inc. (AABA) currently trades with a market capitalization of $59.46 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 AABA, the company currently has $100,000 of cash on the books, which is offset by $ current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $3.43 Billion over the past twelve months. Generally speaking, earnings are expected to hold steady in coming quarters. Analysts are forecasting earnings of $0 on a per share basis this quarter. Perhaps, that suggests something about why 76.14% 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, Altaba Inc. recorded a 52-week high of $68.22. It is now trading 0.5% off that level. The stock is trading $63.39 its 50-day moving average by -4.33%. The stock carved out a 52-week low down at $38.24.

In recent action, Altaba Inc. (AABA) has made a move of +5.78% 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 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 6.84% with $813.32 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of AABA.

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