CPS Technologies Corp. stock trades under the ticker CPSH & has shown recent bullishness despite broader market volatility.
CPSH closed at $4.28/share on 3/9/2022.
CPS Technologies Corp. CPSH Stock’s Technicals Broken Down
CPSH Stock Price: $4.28
10 Day Moving Average: $3.15
50 Day Moving Average: $3.34
200 Day Moving Average: $5.12
RSI: 67.1
MACD: -0.009
Yesterday, CPSH stock completed a bullish MACD crossover, while bullishly breaking out above its 50 Day Moving Average.
Their RSI has gone through the roof over the last couple of trading days, as they have been on a bullish run, up 73%.
Due to the recent bullish run up, I do expect them to shed some price strength in the near-term as they establish a new price range.
The $4.53 price level will be where I am watching for the next large breakout to take place at.
CPS Technologies Corp. CPSH Stock As A Long-Term Investment
Long-term oriented investors will find CPSH stock’s P/E (ttm) appealing at 16.53, but they may find their P/B (mrq) of 3.48 to be a bit rich.
CPSH stock’s most recent Quarterly Revenue Growth Y-o-Y was 49.5%.
Their balance sheet looks appealing, with $5.05M in Total Cash (mrq) & only $740.6K in Total Debt (mrq).
CPSH stock does not pay a dividend, which may be off-putting to investors.
Due to this & their small cap status, only 10.9% of CPSH’s outstanding share float is held by institutional investors.
CPS Technologies Corp. CPSH Stock As A Short-Term Trade Using Options
Traders focused on the near-term can use CPSH options to take advantage of their current price movements in either direction.
I am looking at the contracts with the 3/18 expiration date.
The $2.50 calls look appealing, as the $5 contracts will need an additional 20% price gain to be at-the-money.
The $5 puts look appealing, although all of the strike prices mentioned here are low in open interest, which may be viewed unfavorably by some traders.
Tying It All Together
CPSH stock has many appealing attributes, regardless of your trading & investing style.
Long-term oriented money managers will like their valuation & balance sheet, but may be disappointed in their lack of a dividend yield.
Short-term traders will be disappointed in their low liquidity in their options contracts, but like their current path of momentum
CPSH stock is worth taking a closer look at for traders & investors of all styles.
*** I DO NOT OWN SHARES OF CPSH STOCK ***