PulteGroup, Inc. (PHM) is an interesting player in the Industrial Goods space, with a focus on Residential Construction. The stock has been active on the tape, currently trading at $30.78, down from yesterday’s close by -6.67%. 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
PulteGroup, Inc. (PHM) currently trades with a market capitalization of $8.41 Billion. That value represents a market adjusting for revenues that have been growing by 20.87 % 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 $754.82 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.74 on a per share basis this quarter. Perhaps, that suggests something about why 2.45% of the outstanding share supply is held by institutional investors.
It’s important to check the technicals to get a sense of how PHM has been acting. Looking at the stock’s movement on the chart, PulteGroup, Inc. recorded a 52-week high of $35.21. It is now trading 4.43% off that level. The stock is trading $30.37 its 50-day moving average by -0.41%. The stock carved out a 52-week low down at $23.47.
In recent action, PulteGroup, Inc. (PHM) has made a move of +5.05% 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 less 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 8.55% with $261.14 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of PHM.