Suburban Propane Partners LP stock trades under the ticker SPH & has shown recent bullishness that traders & investors should dig deeper into.
SPH closed at $15.50/share on 7/6/2022.
Suburban Propane Partners LP SPH Stock’s Technical Performance Broken Down
SPH Stock Price: $15.50
10 Day Moving Average: $15.35
50 Day Moving Average: $16.40
200 Day Moving Average: $15.17
RSI: 45.23
MACD: -0.348
Yesterday, SPH stock completed a bullish MACD crossover, breaking out above its 10 day moving average.
Their RSI is neutral, and their recent trading volume is below average compared to the year prior, signaling that there may be additional momentum in the near-term.
They will need to break above the $15.93 & $16.02 price levels to continue climbing higher.
Suburban Propane Partners LP SPH Stock As A Long-Term Investment
Long-term oriented investors will find SPH stock’s valuation metrics appealing, with a 6.44 P/E (ttm) & a P/B (mrq) of 1.67.
They recently reported Quarterly Revenue Growth Y-o-Y of 9.5%, with 37.6% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require additional research before an investment can be made, with Total Cash (mrq) of $6.83M & $1.26B of Total Debt (mrq).
SPH stock pays an 8.64% dividend, which appears stable in the long-run with a 52.9% payout ratio.
20.41% of SPH stock’s outstanding share float is owned by institutional investors.
Suburban Propane Partners LP SPH Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to hedge against volatility, while profiting from SPH stock’s price movements.
I am looking at the contracts with the 8/19 expiration date.
The $15, $12.50 & $10 call options are all in-the-money, listed from highest to lowest levels of open interest.
The $17.50, $20 & $22.50 puts are also in-the-money, and are listed in order of most to least liquid.
Tying It All Together
SPH stock has many unique characteristics that traders & investors will find appealing.
Long-term oriented investors will like their dividend yield, as well as their valuation metrics, but will want to look deeper into the structure of their balance sheet.
Short-term focused traders will like their current technical performance, but may be disappointed at how liquid their options are.
Overall, it is worth taking a closer look into SPH stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF SPH STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***