Taking a Look at the Data Behind Conagra Brands, Inc. (CAG)

Conagra Brands, Inc. (CAG) is an interesting player in the Consumer Goods space, with a focus on Processed & Packaged Goods. The stock has been active on the tape, currently trading at $37.67, down from yesterday’s close by -1.00%. 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

Conagra Brands, Inc. (CAG) currently trades with a market capitalization of $15.54 Billion. That value represents a market adjusting for revenues that have been growing by 4.07 % 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 $806.8 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $0.5 on a per share basis this quarter. Perhaps, that suggests something about why 1.01% 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, Conagra Brands, Inc. recorded a 52-week high of $41.68. It is now trading 4.01% off that level. The stock is trading $35.92 its 50-day moving average by -1.75%. The stock carved out a 52-week low down at $32.16.

In recent action, Conagra Brands, Inc. (CAG) has made a move of +0.91% 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 19.03, 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 3.37% with $407.84 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of CAG.

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