Flowers Foods, Inc. stock trades under the ticker FLO & has shown recent bullishness amidst market volatility that investors & traders should research further into for when volatility has subsided.
FLO stock closed at $27.22/share on 4/25/2023.
Flowers Foods, Inc. FLO Stock’s Technical Performance Broken Down
FLO Stock Price: $27.22
10 Day Moving Average: $27.11
50 Day Moving Average: $27.39
200 Day Moving Average: $27.23
RSI: 50.16
MACD: -0.061
Yesterday, FLO stock completed a bullish crossover, gaining +0.63% on the day’s session.
Their RSI is neutral & recent trading volumes have been below average compared to the year prior, signaling indecision on the part of investors in terms of where to value their share price.
Their stock price has remained in a consolidation area for the past month, as the market tries to figure out where their fair value is.
FLO has support at the $27.11 (10 day moving average), $27.02 & $26.88/share price levels, with resistance at the $27.39 (50 day moving average), $27.84 & $27.91/share price levels.
Flowers Foods, Inc. FLO Stock As A Long-Term Investment
Long-term oriented investors will like FLO stock’s 25.43 P/E (ttm), but may find their 3.99 P/B (mrq) to be a bit too rich.
They recently reported 10.10% Quarterly Revenue Growth Y-o-Y, with 23.6% Quarterly Earnings Growth Y-o-Y.
Their balance sheet is worth taking a closer look into, with $165.13M of Total Cash (mrq) & $1.19B of Total Debt (mrq).
FLO stock pays a 3.22% dividend, which may not be sustainable in the long-run, as their payout ratio is 81.31%.
84.31% of FLO stock’s outstanding share float is owned by institutional investors.
Flowers Foods, Inc. FLO Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from FLO stock’s price movements, while protecting their portfolios from volatility.
I am looking at the contracts with the 7/21 expiration date.
The $25 & $22.50 call options are in-the-money, with the former being more liquid than the latter strike price.
The $30 puts are also in-the-money, but there is open interest at $25, $22.50 & $20 should their share price fall in the meantime, which could make these appealing down the line.
Tying It All Together
FLO stock has many interesting attributes that traders & investors will find appealing.
Investors will like their P/E (ttm), but may want to look closer into their balance sheet to see if it provides clues as to how sustainable their dividend yield is in the long-run.
Traders will like their recent technical performance compared to the market, but will dislike how illiquid their options are.
Overall, it is worth taking a closer look to see how FLO stock fits into your portfolio strategy for when market volatility has subsided.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN FLO STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***