KeyCorp (KEY) is an interesting player in the Financial space, with a focus on Regional – Midwest Banks. The stock has been active on the tape, currently trading at $20.67, up from yesterday’s close by 0.15%. 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
KeyCorp (KEY) currently trades with a market capitalization of $21.83 Billion. That value represents a market adjusting for revenues that have been growing by 8.29 % 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 $1.92 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.42 on a per share basis this quarter. Perhaps, that suggests something about why 0.71% of the outstanding share supply is held by institutional investors.
No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, KeyCorp recorded a 52-week high of $22.40. It is now trading 1.73% off that level. The stock is trading $19.94 its 50-day moving average by -0.73%. The stock carved out a 52-week low down at $16.28.
In recent action, KeyCorp (KEY) has made a move of +0.98% 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 1.07% with $1.05 Billion sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of KEY.