Colliers International Group Inc. stock trades under the ticker CIGI & has shown recent bullish behavior that traders & investors should take note of.
CIGI stock closed at $90.28/share on 11/9/2022.
Colliers International Group Inc. CIGI Stock’s Technical Performance Broken Down
CIGI Stock Price: $90.28
10 Day Moving Average: $90.47
50 Day Moving Average: $99.68
200 Day Moving Average: $117.33
RSI: 42.27
MACD: -2.972
Yesterday, CIGI stock completed a bullish MACD crossover, despite settling down 0.19%.
Recent trading volumes have been about average for the past year, and their RSI is on the oversold end of neutral, signaling that there may be more short-term momentum to come in the near-term.
CIGI stock has support at the $89.50 & $87.83/share price levels, as they try to break above the $91.81 & $97.26/share resistance levels.
Colliers International Group Inc. CIGI Stock As A Long-Term Investment
Long-term oriented investors will find CIGI stock’s valuation metrics to be a bit rich, with a 53.35 P/E (ttm) & a 7.94 P/B (mrq).
Investors may also want to look into their income statement a bit deeper, with recently reported 8.4% Quarterly Revenue Growth Y-o-Y & -33.2% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will also require a more thorough examination, with $190.52M of Total Cash (mrq) & $1.87B of Total Debt (mrq).
CIGI stock pays a modest 0.33% dividend, which appears to be stable in the long-run, as their payout ratio is 18.3%.
75.66% of CIGI stock’s outstanding share float is owned by institutional investors.
Colliers International Group Inc. CIGI Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to profit from price movements in CIGI stock, while protecting their portfolio from volatility.
I am looking at the contracts with the 11/18 expiration date.
The $90 & $85 calls are in-the-money, with the former being more liquid than the latter.
The $105, $115 & $110 puts are also all in-the-money, listed from highest to lowest level of open interest.
Tying It All Together
CIGI stock has many interesting characteristics that traders & investors should find appealing.
Investors will like their safe dividend, but may want to look deeper into the structure of their balance sheet.
Traders will like their recent technical performance, but may be disappointed by how liquid their options are.
Overall, it is worth taking a closer look int0 CIGI stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF CIGI STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***