Tribune Media (TRCO) Weak On High Volume Today
Trade-Ideas LLC identified
(
) as a weak on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Tribune Media as such a stock due to the following factors:
- TRCO has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $20.0 million.
- TRCO has traded 70,307 shares today.
- TRCO is trading at 5.44 times the normal volume for the stock at this time of day.
- TRCO is trading at a new low 5.22% below yesterday's close.
'Weak on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as material stock news, analyst downgrades, insider selling, selling from 'superinvestors,' or that hedge funds and traders are piling out of a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize (or avoid losses by trimming weak positions). In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.
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More details on TRCO:
Tribune Media Company, through its subsidiaries, operates as a media and entertainment company in the United States. The company operates through two segments, Television and Entertainment, and Digital and Data. The stock currently has a dividend yield of 2.5%. TRCO has a PE ratio of 1. Currently there are 3 analysts that rate Tribune Media a buy, no analysts rate it a sell, and 3 rate it a hold.
The average volume for Tribune Media has been 744,300 shares per day over the past 30 days. Tribune Media has a market cap of $3.8 billion and is part of the services sector and media industry. The stock has a beta of 1.43 and a short float of 5% with 7.61 days to cover. Shares are down 32.7% year-to-date as of the close of trading on Monday.
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Analysis:
rates Tribune Media as a
. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.
Highlights from the ratings report include:
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Media industry. The net income has significantly decreased by 104.0% when compared to the same quarter one year ago, falling from $82.31 million to -$3.27 million.
- Net operating cash flow has decreased to $17.93 million or 49.06% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
- Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 35.97%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 105.97% compared to the year-earlier quarter. Turning toward the future, the fact that the stock has come down in price over the past year should not necessarily be interpreted as a negative; it could be one of the factors that may help make the stock attractive down the road. Right now, however, we believe that it is too soon to buy.
- TRIBUNE MEDIA CO has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, TRIBUNE MEDIA CO increased its bottom line by earning $4.62 versus $1.63 in the prior year. For the next year, the market is expecting a contraction of 72.1% in earnings ($1.29 versus $4.62).
- The gross profit margin for TRIBUNE MEDIA CO is rather high; currently it is at 50.11%. Regardless of TRCO's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, TRCO's net profit margin of -0.65% significantly underperformed when compared to the industry average.
- You can view the full Tribune Media Ratings Report.
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