Albertsons Companies, Inc. stock is a food retailer stock that traders & investors should take a closer look at in this time of market volatility.
Albertsons Companies, Inc. stock trades under the ticker ACI & closed at $29.95/share on 1/5/2022.
Albertson’s Companies, Inc. ACI Stock’s Technicals Broken Down
ACI Stock Price: $29.95
10 Day Moving Average: $29.84
50 Day Moving Average: $32.54
200 Day Moving Average: $25.57
RSI: 42
MACD: -0.855
ACI stock completed a bullish MACD crossover yesterday, and it still has a relatively oversold RSI, making it possible to minimize losses.
Their trading volume was also above average for the last month.
ACI stock’s price is looking to establish a new range, where the $31.95-level will be the next test of resistance.
Albertsons Companies, Inc. ACI Stock As A Long-Term Investment
Long-term focused investors may find ACI stock’s valuation appealing, with a P/E(ttm) of 24.96 & a P/B of 7.32 (which is a bit high).
Their Quarterly Revenue Growth Y-o-Y was 4.7%.
ACI stock’s balance sheet looks a bit concerning, with only $2.86B in Total Cash (mrq) & Total Debt (mrq) of $14.45B.
ACI offers a 1.35% dividend yield, which looks to be safe with a 32% payout ratio.
73.6% of ACI’s share float is held by institutional investors.
Albertsons Companies, Inc. ACI Stock As A Short-Term Trade Using Options
Traders who are interested in the short-term performance of ACI stock can use options to capture their momentum, while fending off broader market volatility.
I am looking at the contracts with the 1/21 expiration date.
The $28 & $29 call options look appealing, although relatively illiquid with their combined open interest being ~600 contracts between the two.
The $30 & $31 puts also look interesting, and have a bit more liquidity, signaling that there is more hedging being done in anticipation of the markets continuing to fall for the rest of this month.
Tying It All Together
All-in-all ACI stock looks to have many interesting characteristics that traders & investors should be interested in.
Their industry is going to have consistent demand regardless of what happens with COVID measures, as they are a grocer & pharmacy company.
Their P/E(ttm) & Dividend Yield also look appealing for investors looking to safely accumulate interest.
From a technical perspective, they have already been trying to find a new range after a large gap down in early December, which when paired with their RSI in the 40’s may help limit how much further they can decline in relation to the broader markets.
Overall, ACI stock is worth taking a closer look at.
*** I DO NOT OWN SHARES OF ACI STOCK ***