ConAgra Brands Inc. stock trades under the ticker CAG & has shown recent bullishness that traders & investors should look deeper into.
CAG stock closed at $36.36/share on 2/21/2023.
ConAgra Brands Inc. CAG Stock’s Technical Performance Broken Down
CAG Stock Price: $36.36
10 Day Moving Average: $36.22
50 Day Moving Average: $37.75
200 Day Moving Average: $34.75
RSI: 44.51
MACD: -0.449
Yesterday, CAG stock completed a bullish MACD crossover, dropping -0.14% on the day’s session.
Recent trading volumes have been about average compared to the year prior & their RSI is neutral, as the stock has been consolidating over the last couple of weeks.
Recent candlesticks are signaling future declines in the near-term, which can provide more favorable entry points for traders & investors.
CAG stock has support at the $36.22 (10 day moving average), $35.67 & $35.65/share price levels, as they try to break out above their $36.44, $37.75 (50 day moving average) & $40.93/share resistance levels.
ConAgra Brands Inc. CAG Stock As A Long-Term Investment
Long-term focused investors will like CAG stock’s valuation metrics, with a 25.4 P/E (ttm) & a 1.97 P/B (mrq).
They recently reported 8.3% Quarterly Revenue Growth Y-o-Y, with 38.6% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough examination, with $39.7M of Total Cash (mrq) & $9.65B of Total Debt (mrq).
CAG stock pays a 3.53% dividend, which may not be sustainable in the long-run, as their payout ratio is 91.13%.
85.3% of CAG stock’s outstanding share float is owned by institutional investors.
ConAgra Brands Inc. CAG Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can use options to profit from price movements in CAG stock, while protecting their portfolio from volatlity.
I am looking at the contracts with the 3/17 expiration date.
The $36, $34 & $35 call options are all in-the-money, listed from highest to lowest level of open interest.
The $37, $38 & $40 puts are also all in-the-money, with the former being more liquid than the latter strikes.
Tying It All Together
CAG stock has many interesting attributes that traders & investors are sure to like.
Investors will like their valuation metrics, but may want to look deeper into the status of their dividend’s sustainability, as well as their balance sheet before investing.
Traders will like their recent technical performance & weekly options expiration dates.
All-in-all, it is worth taking a closer look into CAG stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACTS IN CAG STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***