Checking the Overall Picture for Ascena Retail Group, Inc. (ASNA)

Ascena Retail Group, Inc. (ASNA) is an interesting player in the Services space, with a focus on Apparel Stores. The stock has been active on the tape, currently trading at $2.85, up from yesterday’s close by 10.04%. 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

Ascena Retail Group, Inc. (ASNA) currently trades with a market capitalization of $520.81 Million. That value represents a market adjusting for revenues that have been falling by -1.67 % 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 $100.6 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of -$0.09 on a per share basis this quarter. Perhaps, that suggests something about why 12.17% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Ascena Retail Group, Inc. recorded a 52-week high of $3.10. It is now trading 0.25% off that level. The stock is trading $2.18 its 50-day moving average by -0.67%. The stock carved out a 52-week low down at $1.65.

In recent action, Ascena Retail Group, Inc. (ASNA) has made a move of +26.67% 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 15.83, 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 22.36% with $171.73 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of ASNA.

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