Digging Up the Facts on BHP Billiton Limited (BHP)

BHP Billiton Limited (BHP) is an interesting player in the Basic Materials space, with a focus on Industrial Metals & Minerals. The stock has been active on the tape, currently trading at $45.99, down from yesterday’s close by -0.84%. 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

BHP Billiton Limited (BHP) currently trades with a market capitalization of $122.43 Billion. That value represents a market adjusting for revenues that have been growing by 28.22 % 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 $21.66 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 0.00% 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, BHP Billiton Limited recorded a 52-week high of $46.44. It is now trading 0.45% off that level. The stock is trading $42.41 its 50-day moving average by -3.58%. The stock carved out a 52-week low down at $33.37.

In recent action, BHP Billiton Limited (BHP) has made a move of +10.69% 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 19.03, 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 0.63% with $2.66 Billion sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of BHP.

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