Lee Enterprises, Inc. stock trades under the ticker LEE & has shown recent bullishness that traders & investors should take a closer look into.
LEE stock closed at $37.17/share on 2/16/2022.
Lee Enterprises, Inc. LEE Stock’s Technicals Broken Down
LEE Stock Price: $37.17
10 Day Moving Average: $34.58
50 Day Moving Average: $36.03
200 Day Moving Average: $28.01
RSI: 55.67
MACD: -0.073
Yesterday, LEE stock completed a bullish MACD crossover, a day after breaking out above its 50 Day Moving Average.
With a neutral RSI, they look to be in prime position to continue climbing higher in the near-term, as there is only ~4% between their 10 & 50 Day Moving Averages.
LEE stock will need to retest the $37.50 level, before the $40.15 level of resistance.
Lee Enterprises, Inc. LEE Stock As A Long-Term Investment
Long-term oriented investors will like LEE stock’s valuation metrics, with a P/E (ttm) of 10.73 & a P/B (mrq) of 3.47.
LEE stock had -4.5% Quarterly Revenue Growth Y-o-Y, with -20.4% Quarterly Earnings Growth Y-o-Y, which investors may want to look into why these drops occurred before investing.
Their balance sheet will require a closer examination as well, with $18.59M in Total Cash (mrq) & Total Debt (mrq) of $525.79M.
LEE stock does not offer a dividend yield, which may play a part as to why only 42% of their total share float is held by institutional investors.
Tying It All Together
Investors in the long-term may be interested in LEE stock for its valuation metrics, but may want to look closer into the structure of their debt on their balance sheet.
While LEE stock does not have options, there is still opportunities in the near-to-mid term to profit from their momentum, as their share price is poised to continue climbing.
Overall, LEE stock is worth taking a closer look into, regardless of your trading strategy.
*** I DO NOT OWN SHARES OF LEE STOCK ***