SpartanNash Company stock trades under the ticker SPTN & has recently shown bullishness amidst broader market volatility that traders & investors should research further into.
SPTN stock closed at $30.63/share on 7/1/2022.
SpartanNash Company SPTN Stock’s Technical Performance Broken Down
SPTN Stock Price: $30.63
10 Day Moving Average: $30.07
50 Day Moving Average: $32.66
200 Day Moving Average: $27.73
RSI: 45.13
MACD: -0.796
On Friday, SPTN stock completed a bullish MACD crossover, trading on above average volume compared to the year prior.
Their RSI is still on the lower range of neutral, and their price broke above the 10 day moving average, signaling that there may be more near-term momentum to come.
They will need to break above the $30.87 & $31.10 resistance levels as they continue climbing higher.
SpartanNash Company SPTN Stock As A Long-Term Investment
Long-term oriented investors will like SPTN stock’s valuation metrics, with a 15.01 P/E (ttm) & a 1.39 P/B (mrq).
They recently reported 4% Quarterly Revenue Growth Y-o-Y, with -1.2% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough review before investing, with $16.33M of Total Cash (mrq) & $749.61M of Total Debt (mrq).
SPTN stock pays a 2.64% dividend yield, which appears stable in the long-term with a 39.7% payout ratio.
89.4% of SPTN stock’s outstanding share float is owned by institutional investors.
SpartanNash Company SPTN Stock As A Short-Term Trade Using Options
Traders who are focused on short-term price movements can use SPTN stock’s options to hedge against volatility, while also profiting from their price movements.
I am looking at the contracts with the 7/15 expiration date.
The $30, $25 & $22.50 call options are all in-the-money, listed from highest to lowest levels of open interest.
The $35 & $40 puts are also in-the-money, listed in order of most to least liquid.
Tying It All Together
SPTN stock has many interesting characteristics that investors & traders should find appealing.
Investors will like their valuation metrics & dividend yield, but may want to look closer into how their balance sheet is structured.
Traders will like their current momentum, but may be disappointed by how liquid their options are.
Overall, it is worth researching how SPTN stock fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF SPTN STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***