Taking a Fresh Look at The Michaels Companies, Inc. (MIK)

The Michaels Companies, Inc. (MIK) is an interesting player in the Services space, with a focus on Specialty Retail, Other. The stock has been active on the tape, currently trading at $24.21, down from yesterday’s close by -1.63%. 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

The Michaels Companies, Inc. (MIK) currently trades with a market capitalization of $4.31 Billion. That value represents a market adjusting for revenues that have been growing by 1.06 % 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 $429.39 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $1.19 on a per share basis this quarter. Perhaps, that suggests something about why 0.36% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how MIK has been acting. Looking at the stock’s movement on the chart, The Michaels Companies, Inc. recorded a 52-week high of $27.87. It is now trading 3.66% off that level. The stock is trading $24.73 its 50-day moving average by 0.52%. The stock carved out a 52-week low down at $17.25.

In recent action, The Michaels Companies, Inc. (MIK) has made a move of -12.85% 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 16.23, 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 11.78% with $127.90 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of MIK.

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