AudioCodes Ltd. stock trades under the ticker AUDC & has shown recent bullish behavior that traders & investors should research further into.
AUDC stock closed at $22.82/share on 8/17/2022.
AudioCodes Ltd. AUDC Stock’s Technical Performance Broken Down
AUDC Stock Price: $22.82
10 Day Moving Average: $22.23
50 Day Moving Average: $22.39
200 Day Moving Average: $27.05
RSI: 52.7
MACD: -0.011
Yesterday, AUDC stock completed a bullish MACD crossover, closing above its 10 day moving average.
Recent trading volumes have been below average compared to the year prior, and their RSI is neutral, signaling that the market is still unsure as to where they value AUDC stock.
They have support at the $22.67 & $22.19 price levels, as they try to break above the $22.95 & $23.01/share resistance levels.
AudioCodes Ltd. AUDC Stock As A Long-Term Investment
Long-term oriented investors will like AUDC stock’s P/E (ttm) of 24.28, but will find their 3.97 P/B (mrq) to be too high.
Potential investors will also want to look into their recent performance, as they recently reported 12.9% Quarterly Revenue Growth Y-o-Y, but -15.8% Quarterly Earnings Growth.
Their balance sheet looks appealing though, with $57.84M of Total Cash (mrq) & $16.12M of Total Debt (mrq).
AUDC stock pays a 1.59% dividend yield, which appears to be sustainable in the long-run, as their payout ratio is 37.23%.
43.11% of AUDC stock’s outstanding share float is owned by institutional investors.
AudioCodes Ltd. AUDC Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to protect their portfolio from volatility, while profiting from movements in AUDC stock’s price.
I am looking at the contracts with the 9/16 expiration date.
The $22.50, $20 & $17.50 call options are all in-the-money, listed from highest to lowest levels of open interest.
The $35, $30 & $25 puts are also all in-the-money, with the former being more liquid than the latter two strike prices.
Tying It All Together
AUDC stock has many interesting characteristics that traders & investors will find appealing.
Investors will like their dividend yield & balance sheet strength, but may want to review their recent growth troubles before investing.
Traders will like their recent technical performance, but may be disappointed by the liquidity of their options.
All-in-all, AUDC stock is worth taking a closer look into to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF AUDC STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***