Evergy, Inc. stock trades under the ticker EVRG & has shown recent bullishness that traders & investors should take a closer look into.
EVRG stock closed at $70.61/share on 4/6/2022.
Evergy, Inc. EVRG Stock’s Technicals Broken Down
EVRG Stock Price: $70.61
10 Day Moving Average: $68.08
50 Day Moving Average: $64.13
200 Day Moving Average: $64.09
RSI: 79.6
Yesterday, EVRG stock continued a month & a half bullish climb from the 2022 lows of February, climbing an additional 2.21%.
Their recent trading volume has been about average compared to the prior year’s.
Their MACD is still signaling more room to climb, although their overbought RSI shows that there may be some steam blown off in the near-term, as they begin to establish a new price range.
Evergy, Inc. EVRG Stock As A Long-Term Investment
Long-term focused investors will like EVRG stock’s valuation metrics, with a P/E (ttm) of 17.86 & a P/B (mrq) of 1.7.
They recently reports Quarterly Revenue Growth Y-o-Y of 2.5%, with Quarterly Earnings Growth Y-o-Y of 4.7%.
EVRG stock’s balance sheet will require a closer examination before investing, with $26.2M in Total Cash (mrq) & $11.3B in Total Debt (mrq).
ERVG stock pays a 3.15% dividend, which appears to be stable as their payout ratio is 56%.
As a result, 93.7% of EVRG stock’s outstanding share float is held by institutional investors.
Evergy, Inc. EVRG Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to profit from movements in EVRG stock’s share price.
I am looking at the contracts with the 4/14 expiration date.
The $65 & $70 calls look appealing, although they have combined open interest of ~600 between both strike prices.
The $70 puts are the only strike price with liquidity that are near-the-money.
Tying It All Together
Overall, EVRG stock has many interesting characteristics that traders & investors will like.
Investors will be fond of their dividend & valuation metrics, but may be weary of their balance sheet structure.
Traders will like their current momentum, but will be disappointed in how illiquid their options contracts are compared to other names.
EVRG stock is worth taking a closer look at, regardless of your trading style.
*** I DO NOT OWN SHARES OF EVRG STOCK ***