Concrete Pumping Holdings Inc. stock trades under the ticker BBCP & is a member of the building materials industry.
BBCP stock closed up +3.05% at $8.81/share on 9/24/2021, after showing signs of future bullishness.
Concrete Pumping Holdings Inc. BBCP Stock Technical Performance Broken Down
BBCP Stock Price: $8.81
10 Day Moving-Average: $8.21
50 Day Moving-Average: $8.43
200 Day Moving-Average: $7.16
RSI: 61.7
MACD: -0.02
After completing a bullish MACD crossover on Friday, BBCP stock looks poised to continue climbing higher with positive momentum.
With their price bullishly crossing both the 10 & 50 Day Moving-Averages, with the 10 Day breaking above the 50 day in ~2.5% for added momentum.
BBCP’s RSI is a little bit overbought at 61.7, but as the stock establishes a new range this will smooth out, also encouraging more bullish price movement.
Concrete Pumping Holdings Inc. BBCP Stock As A Long-Term Investment
Investors focused on the long-term may find BBCP stock appealing.
Concrete Pumping Holdings Inc.’s stock has a modest P/E (ttm) of 6.38, as well as a P/B of 1.75.
59% of shares outstanding are held by institutional investors, which some investors use a sign of confidence in the stock’s performance.
BBCP’s Quarterly Revenue Growth (Y-o-Y) is 4.7%.
An area of caution is that they do not offer a dividend yield, and do have more Total Debt (mrq) than Total Cash (mrq), at $369.1M vs. $20.2M.
Concrete Pumping Holdings Inc. BBCP Stock As A Short-Term Trade Using Options
BBCP stock has options that traders can use to take advantage of short-term momentum, while also hedging off the risks associated with the volatile market environment.
I am looking at the $7.50 & $5 call options with the 10/15 expiration date.
The $10 & $12.50 puts also look appealing at the same expiration date.
These options all have low Open Interest though, meaning that they are not going to be very liquid when trying to get rid of them, making it more & more imperative to purchase in-the-money contracts.
Tying It All Together
Concrete Pumping Holdings Inc. stock has many short & long-term benefits that traders may want to research further.
In the near-term they offer strong momentum to the upside, as the price attempts to break above the $9-level.
Longer-term focused investors may be interested in their low valuation metrics, as well as their exposure to the construction materials industry.
Overall, BBCP stock is worth taking a closer look at by traders & investors of all styles.
*** I DO NOT OWN SHARES OF BBCP STOCK ***