AK Steel Holding Corporation (AKS): What’s the Story?

AK Steel Holding Corporation (AKS) is an interesting player in the Basic Materials space, with a focus on Steel & Iron. The stock has been active on the tape, currently trading at $4.77, down from yesterday’s close by -0.63%. 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

AK Steel Holding Corporation (AKS) currently trades with a market capitalization of $1.50 Billion. That value represents a market adjusting for revenues that have been growing by 8.18 % 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 $70.2 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.19 on a per share basis this quarter. Perhaps, that suggests something about why 1.76% 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 AKS has been acting. Looking at the stock’s movement on the chart, AK Steel Holding Corporation recorded a 52-week high of $7.04. It is now trading 2.27% off that level. The stock is trading $4.57 its 50-day moving average by -0.2%. The stock carved out a 52-week low down at $4.00.

In recent action, AK Steel Holding Corporation (AKS) has made a move of +7.43% 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 14.57, 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 25.64% with $312.77 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of AKS.

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