United Technologies Corporation (UTX): What’s the Story?

United Technologies Corporation (UTX) is an interesting player in the Industrial Goods space, with a focus on Aerospace/Defense Products & Services. The stock has been active on the tape, currently trading at $124.78, up from yesterday’s close by 0.18%. 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

United Technologies Corporation (UTX) currently trades with a market capitalization of $98.73 Billion. That value represents a market adjusting for revenues that have been growing by 10.33 % 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 $3.06 Billion over the past twelve months. Generally speaking, earnings are expected to hold steady in coming quarters. Analysts are forecasting earnings of $1.84 on a per share basis this quarter. Perhaps, that suggests something about why 0.34% 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, United Technologies Corporation recorded a 52-week high of $139.24. It is now trading 14.46% off that level. The stock is trading $124.54 its 50-day moving average by -0.23999999999999%. The stock carved out a 52-week low down at $109.10.

In recent action, United Technologies Corporation (UTX) has made a move of -0.02% 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 14.61, 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 1.90% with $791.25 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of UTX.

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