AZZ, Inc. stock trades under the ticker AZZ & has shown recent bullish signals that traders & investors may want to take a closer look into.
AZZ stock closed at $49.37/share on 4/4/2022.
AZZ, Inc. AZZ Stock’s Technicals Broken Down
AZZ Stock Price: $49.37
10 Day Moving Average: $49.05
50 Day Moving Average: $48.70
200 Day Moving Average: $51.89
RSI: 51.7
MACD: -0.018
Yesterday, AZZ stock completed a bullish MACD crossover, one day after breaking out above its 10 & 50 day moving averages.
Their recent trading volumes have been about average compared to the year prior.
With a neutral RSI, and 5% between their 10 & 200 day moving averages, there looks to be more momentum for AZZ stock in the near-term.
They need to break through the $49.96,$50.01 & $50.73-resistance levels.
AZZ, Inc. AZZ Stock As A Long-Term Investment
Long-term oriented investors may find AZZ stock’s valuation metrics appealing, with a P/E (ttm) of 15.8 & a P/B (mrq) of 1.87.
They recently reported 2.3% Quarterly Revenue Growth Y-o-Y, with 7% Quarterly Earnings Growth Y-o-Y.
Investors may want to take a closer look into their balance sheet, with $20.36M in Total Cash (mrq) & Total Debt (mrq) of $236.14M.
They offer a 1.37% dividend yield, which appears very stable as their payout ratio is 21.94%.
As a result, 91.7% of all AZZ stock’s outstanding share float is held by institutional investors.
AZZ, Inc. AZZ Stock As A Short-Term Trade Using Options
Traders who are focused on the near-term can trade options in order to profit from movements in AZZ stock’s price.
I am looking at the contracts with the 4/14 expiration date.
The $50 calls look appealing, and while there is open interest on the $55 calls, I’m not certain that they can reach that strike price by expiration.
The $50 puts also look interesting, but both expiration prices have low levels of open interest.
Tying It All Together
All-in-all, there looks to be many opportunities for traders & investors to profit from AZZ stock.
Investors will like their valuation metrics & dividend, but may want to take a closer look into their balance sheet.
Traders will like their momentum, but be disappointed by their levels of open interest.
AZZ stock is worth taking a closer look into, regardless of your trading style.
*** I DO NOT OWN SHARES OF AZZ STOCK ***