Checking the Overall Picture for Celgene Corporation (CELG)

Celgene Corporation (CELG) is an interesting player in the Healthcare space, with a focus on Biotechnology. The stock has been active on the tape, currently trading at $77.38, down from yesterday’s close by -0.12%. 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

Celgene Corporation (CELG) currently trades with a market capitalization of $57.90 Billion. That value represents a market adjusting for revenues that have been growing by 19.45 % 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 $3.77 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $2.09 on a per share basis this quarter. Perhaps, that suggests something about why 0.51% of the outstanding share supply is held by institutional investors.

Technical Analysis

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, Celgene Corporation recorded a 52-week high of $147.17. It is now trading 69.79% off that level. The stock is trading $83.97 its 50-day moving average by 6.59%. The stock carved out a 52-week low down at $74.13.

In recent action, Celgene Corporation (CELG) has made a move of -5.61% 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 14.57, 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 1.70% with $722.36 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of CELG.

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