Northwest Pipe Co. stock trades under the ticker NWPX & has shown recent bullishness that traders & investors should research further.
NWPX stock closed at $26.26/share on 4/6/2022.
Northwest Pipe Co. NWPX Stock’s Technicals Broken Down
NWPX Stock Price: $26.26
10 Day Moving Average: $25.60
50 Day Moving Average: $28.17
200 Day Moving Average: $27.58
RSI: 43.7
MACD: -0.797
Yesterday, NWPX completed a bullish MACD crossover, after breaking out above its 10 day moving average last week.
Their recent trading volume has been about average compared to the year prior.
With an RSI that is still veering towards oversold territory, they look to have more momentum to come in the near-term to push their share price higher.
They need to test & break above the $26.39, $26.52 & $26.62/share resistance levels.
Northwest Pipe Corp. NWPX Stock As A Long-Term Investment
Long-term oriented investors will like NWPX stock’s valuation metrics, with a P/E (ttm) of 22.64 & a P/B (mrq) of 0.92.
They recently reported 47.8% Quarterly Revenue Growth Y-o-Y.
NWPX stock’s balance sheet may require a closer review before an investment, as they have $3M in Total Cash (mrq) & $187.4M in Total Debt (mrq).
Despite not offering a dividend yield, 86.6% of NWPX stock’s outstanding share float is held by institutional investors.
Northwest Pipe Corp. NWPX Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to harness gains from movements in NWPX stock in any direction.
I am looking at the contracts with the 4/14 expiration date.
The $30 calls are the only ones with open interest, which is also true for May, but in June there is liquidity in the $12.50, $22.50 & $25 strike price contracts.
The further out options will cost a premium to nearer dated ones though.
The $25 puts are the only strike price with liquidity at this level as well, although they may not be able to get into the money in a week & two days of trading.
Tying It All Together
All-in-all NWPX has many unique characteristics that traders & investors may like.
Investors will like their valuation metrics, but may be disappointed by their lack of a dividend yield.
Traders will like their momentum, but be disappointed by their lack of liquidity in their near-term options.
Overall, NWPX stock is worth taking a closer look into, regardless of your trading style.
*** I DO NOT OWN SHARES OF NWPX STOCK ***