Coca Cola Co. stock trades under the ticker KO & has shown recent bullishness that traders & investors should research further into.
KO stock closed at $61.32/share on 1/31/2023.
Coca Cola Co. KO Stock’s Technical Performance Broken Down
KO Stock Price: $61.32
10 Day Moving Average: $60.46
50 Day Moving Average: $62.39
200 Day Moving Average: $61.16
RSI: 48.63
MACD: -0.502
Yesterday, KO stock completed a bullish MACD crossover, gaining 1.12% on the day’s session.
Recent trading volumes have been about average compared to the year prior & their RSI is neutral, signaling that there is still uncertainty around the current value of KO shares.
Yesterday’s candle was a hanging man, signaling near-term bearish sentiment.
KO stock has support at the $61.25 & $61.21/share price levels, as they attempt to break out above their $62.39 & $63.26/share resistance levels.
Coca Cola Co. KO Stock As A Long-Term Investment
Investors with long time horizons will like KO stock’s 26.67 P/E (ttm), but will find their 11.53 P/B (mrq) to be a bit high.
They recently reported 10.2% Quarterly Revenue Growth Y-o-Y, with 14.3% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough examination, with $13.22B of Total Cash (mrq) & $41.19B of Total Debt (mrq).
KO stock pays a 2.87% dividend, which may not be sustainable in the long-run, as their payout ratio is 76.32%.
71.45% of KO stock’s outstanding share float is owned by institutional investors.
Coca Cola Co. KO Stock As A Short-Term Trade Using Options
Traders with a shorter time horizon can trade options to profit from KO stock’s price movements, while protecting their portfolio from volatility.
I am looking at the contracts with the 3/17 expiration date.
The $60, $55 & $57.50 call options are all in-the-money, with the former strike prices being more liquid than the latter.
The $62.50, $65 & $67.50 puts are also all in-the-money, listed from highest to lowest level of open interest.
Tying It All Together
KO stock has many interesting characteristics that investors & traders are sure to like.
Investors will like their dividend yield, as well as their P/E (ttm), but may want to review their balance sheet in more detail before investing.
Traders will like their recent technical performance & how liquid their options are.
Overall, it is worth taking a closer look into KO stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS POSITIONS AROUND KO STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***