Thor Industries, Inc. stock trades under the ticker THO & shown recent bullishness that traders & investors may want to further research.
THO stock closed at $81.47/share on 4/8/2022.
Thor Industries, Inc. THO Stock’s Technicals Broken Down
THO Stock Price: $81.47
10 Day Moving Average: $80.89
50 Day Moving Average: $87.59
200 Day Moving Average: $103.36
RSI: 46.33
MACD: -2.19
Yesterday, THO stock completed a bullish MACD crossover, while gapping up above its 10 day moving average.
It has traded on above average volume in the last week, compared to the year prior’s volumes, which paired with an RSI below 50 signals more strength to come in the near-term.
THO stock will have to break through the $82.24, $83.88 & $84.70 resistance points as it marches higher.
Thor Industries, Inc. THO Stock As A Long-Term Investment
Long-term oriented investors will like THO stock’s valuation metrics, with a P/E (ttm) of 4.87 & a P/B (mrq) of 1.37.
THO stock recently reported 42.1% Quarterly Revenue Growth Y-o-Y, with 101.1% Quarterly Earnings Growth Y-o-Y.
Investors may want to do a thorough review of their balance sheet before making an investment, as they have $305.24M in Total Cash (mrq), with Total Debt (mrq) of $2.23B.
THO stock pays a 2.12% dividend yield, which appears to be sustainable in the long-term with a 10.15% payout ratio.
98.5% of THO stock’s outstanding share float is owned by institutional investors.
Thor Industries, Inc. THO Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to profit from movements in THO stock’s price, while also protecting themselves from broader market volatility.
I am looking at the contracts with the 4/14 expiration date.
The $75, $80 & $85 call options all look appealing, although slightly illiquid, as there’s only 574 outstanding contracts between all 3 of the strike prices.
The $85, $90 & $95 puts also look interesting, although the $85 strike price is the most liquid of the three, with 1,056 open contracts.
Tying It All Together
Overall, THO stock is worth taking a closer look into to see if it fits with your portfolio management style.
Investors will find their dividend & valuation metrics appealing, but may want to look deeper into their debt structure.
Traders will like their current momentum, but may be disappointed at the liquidity of their options.
THO stock is worth taking a closer look into, regardless of your trading style.
*** I DO NOT OWN SHARES OF THO STOCK ***