Alpine Income Property Trust Inc. stock trades under the ticker PINE & has shown recent bullishness that traders & investors should look closer into.
PINE stock closed at $19.06/share on 3/31/2022.
Alpine Income Property Trust Inc. PINE Stock’s Technicals Broken Down
PINE Stock Price: $19.06
10 Day Moving Average: $18.74
50 Day Moving Average: $18.88
200 Day Moving Average: $18.49
RSI: 55.89
MACD: -0.034
Yesterday, PINE stock completed a bullish MACD crossover, while also breaking out over their 50 day moving average.
They have traded on average volume this past week, compared to the year prior, and their RSI is slightly overbought at 55.89.
PINE stock needs to cross through the $19.09, $19.23 & $19.42/share resistance levels.
Alpine Income Property Trust, Inc. PINE Stock As A Long-Term Investment
Investors will find PINE stock’s valuation metrics appealing, with a P/E(ttm) of 21.11 & a P/B (mrq) of 1.12.
They recently reported 75.9% Quarterly Revenue Growth Y-o-Y, with 4,363.4% Quarterly Earnings Growth Y-o-Y.
PINE stock’s balance sheet will require a closer examination, with Total Cash (mrq) of $10.95M & Total Debt (mrq) of $267.91M.
PINE stock pays a 5.4% dividend yield, which appears fairly safe as their payout ratio is 42%.
60.4% of PINE stock’s outstanding share float is owned by institutional investors.
Alpine Income Property Trust, Inc. PINE Stock As A Short-Term Trade Using Options
Traders can use options to hedge against volatility, while profiting from price movements in any direction for PINE stock.
I am looking at the contracts with the 4/14 expiration date.
The $17.50 & $20 call options look appealing, but extremely illiquid with almost no open interest.
The $20 puts are much more liquid, but still suffer from low levels of open interest.
Tying It All Together
Overall, PINE stock has many interesting characteristics that traders & investors will find appealing.
Investors will like their valuation metrics, as well as their dividend yield, but may want to do a bit of digging in their balance sheet.
Traders will like their current momentum, but will be disappointed by their low levels of open interest on their options contracts.
PINE stock is worth taking a closer look at, regardless of your trading style.
*** I DO NOT OWN SHARES OF PINE STOCK ***