Taking a Fresh Look at Intel Corporation (INTC)

Intel Corporation (INTC) is an interesting player in the Technology space, with a focus on Semiconductor – Broad Line. The stock has been active on the tape, currently trading at $55.03, up from yesterday’s close by 0.38%. 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

Intel Corporation (INTC) currently trades with a market capitalization of $265.66 Billion. That value represents a market adjusting for revenues that have been growing by 8.58 % 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 $11.76 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.85 on a per share basis this quarter. Perhaps, that suggests something about why 0.44% 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 INTC has been acting. Looking at the stock’s movement on the chart, Intel Corporation recorded a 52-week high of $57.60. It is now trading 2.57% off that level. The stock is trading $53.54 its 50-day moving average by -1.49%. The stock carved out a 52-week low down at $33.23.

In recent action, Intel Corporation (INTC) has made a move of +2.06% 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 1.74% with $4.66 Billion sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of INTC.

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