Kroger Co. stock trades under the ticker KR & has shown recent bullishness that traders & investors should research further into.
KR stock closed at $48.74/share on 7/7/2022.
Kroger Co. KR Stock’s Technical Performance Broken Down
KR Stock Price: $48.74
10 Day Moving Average: $48.03
50 Day Moving Average: $51.19
200 Day Moving Average: $47.66
RSI: 46.94
MACD: -1.047
Yesterday, KR stock completed a bullish MACD crossover, closing above its 10 day moving average.
Their RSI is neutral, but their recent trading volume is light, showing a lack of confidence, but potential for more short-term gains.
They will need to break above the $49.56 & $50.73/share resistance levels as they continue to climb higher.
Kroger Co. KR Stock As A Long-Term Investment
Long-term oriented investors will like KR stock’s P/E (ttm) of 16.66, but may find their 3.66 P/B (mrq) to be a bit high.
They recently reported 8% Quarterly Revenue Growth Y-o-Y, with 374.3% Quarterly Earnings Growth Y-o-Y.
Their balance sheet needs to be further researched before an investment can be made, with $1.38B of Total Cash (mrq) & $20.75B of Total Debt (mrq).
KR stock pays a 1.77% dividend yield, which appears stable in the long-term, as their payout ratio is 28.03%.
82.74% of KR stock’s outstanding share float is owned by institutional investors.
Kroger Co. KR Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to hedge against volatility, while also profiting from movements in KR stock’s price.
I am looking at the contracts with the 7/15 expiration date.
The $48, $47 & $47.50 call options are all in-the-money, listed from most to least liquid strike price.
The $49, $50 & $51 puts are also in-the-money, listed from highest to lowest levels of open interest.
Tying It All Together
KR stock has many unique characteristics that traders & investors are sure to like.
Investors will like their dividend yield & recent growth, but may want to do more research into the structure of their balance sheet.
Traders will like their current technical set up, as well as the liquidity of their options.
Overall, it is worth taking a closer look to see how KR stock fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF KR STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***