Taking a Look at the Data Behind Duke Energy Corporation (DUK)

Duke Energy Corporation (DUK) is an interesting player in the Utilities space, with a focus on Electric Utilities. The stock has been active on the tape, currently trading at $72.25, down from yesterday’s close by -0.32%. 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

Duke Energy Corporation (DUK) currently trades with a market capitalization of $50.66 Billion. That value represents a market adjusting for revenues that have been growing by 7.09 % 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 -$1.24 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $1.08 on a per share basis this quarter. Perhaps, that suggests something about why 0.58% of the outstanding share supply is held by institutional investors.

Technical Analysis

We’ve taken a serious look at this stock from a fundamental perspective, but the tale of the tape may offer more hints about what lies under the surface. Looking at the stock’s movement on the chart, Duke Energy Corporation recorded a 52-week high of $91.80. It is now trading 19.55% off that level. The stock is trading $76.88 its 50-day moving average by 4.63%. The stock carved out a 52-week low down at $71.96.

In recent action, Duke Energy Corporation (DUK) has made a move of -6.08% 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 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 3.15% with $700.50 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of DUK.

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