Capital Product Partners L.P. stock trades under the ticker CPLP & has shown recent bullishness that traders & investors should take a closer look into.
CPLP stock closed at $15.70/share on 5/6/2022.
Capital Product Partners L.P. CPLP Stock’s Technicals Broken Down
CPLP Stock Price: $15.70
10 Day Moving Average: $15.15
50 Day Moving Average: $16.00
200 Day Moving Average: $14.42
RSI: 48.41
MACD: -0.286
On Friday, CPLP stock completed a bullish MACD crossover, ending a week of gains that closed just beneath their 50 day moving average.
Despite having lighter than average volume recently, their RSI is on the <50 side of neutral, and with a <2% increase in price they will break through the 50 day MA, adding near-term momentum.
They will need to break above the $16.17, $16.35 & $16.64/share resistance levels.
Capital Product Partners L.P. CPLP Stock As A Long-Term Investment
Long-term oriented investors will like CPLP stock’s valuation metrics, with a 3.1 P/E (ttm) & a P/B (mrq) of 0.58.
They recently reported 81.2% Quarterly Revenue Growth Y-o-Y, with 450.9% Quarterly Earnings Growth Y-o-Y.
CPLP stock’s balance sheet may warrant a closer review, with $20.37M in Total Cash (mrq) & Total Debt (mrq) of $1.31B.
The most recent Moody’s debt rating for CPLP was B1 (highly speculative), but it was withdrawn in 2019.
CPLP stock pays a 2.82% dividend yield, that appears very stable in the long-run, as their payout ratio is only 7.78%.
20.83% of CPLP stock’s outstanding share float is owned by institutional investors.
Capital Product Partners L.P. CPLP Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to profit from CPLP stock’s price movements, while protecting their portfolio from market volatility.
I am looking at the contracts with the 5/20 expiration date.
The $10, $12.50 & $15 calls are all in-the-money, but are also less liquid than the next batch of out-of-the-money calls, signaling that there is strong sentiment that they will continue climbing over the next 2 weeks.
The $20 & $17.50 puts look appealing & are in-the-money, but are far less liquid than the $15 puts, which become in-the-money with a 4% price drop.
Tying It All Together
CPLP stock has a lot of potential that traders & investors may find fitting into their portfolio.
Investors will like their valuation metrics & dividend yield, but may want to look closer into their ability to service their debts down the line.
Traders will like their current momentum path, but may be disappointed by the open interest levels of their options contracts.
All-in-all, CPLP stock is worth taking a closer look into, regardless of your trading strategy.
*** I DO NOT OWN SHARES OF CPLP STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***