Harmony Gold Mining Co. stock trades under the ticker HMY & has recently shown bullish signals that traders & investors should take a closer look at.
HMY stock closed at $4.20/share on 1/19/2022, on a higher than average trading volume day.
Harmony Gold Mining Co. HYM Stock’s Technicals Broken Down
HMY Stock Price: $4.20
10 Day Moving Average: $3.73
50 Day Moving Average: $3.90
200 Day Moving Average: $4.03
RSI: 60.9
MACD: -0.013
HMY stock completed a bullish MACD crossover yesterday, while breaking out above all of its moving averages on above average trading volume.
With 4% between their 10 & 50 Day Moving Averages, there looks to be solid momentum in the near-term for HMY.
Their next test of resistance is the $4.27-4.33-price level.
Harmony Gold Mining Co. HMY Stock As A Long-Term Investment
Investors will like HMY stock’s valuation metrics, with a P/E (ttm) of 6.97 & a P/B (mrq) of 1.13.
HMY stock’s beta is 0.6, implying that it moves less aggressively than the broader market indexes.
They experienced 46.3% Quarterly Revenue Growth Y-o-Y.
HMY’s balance sheet will need some further looking into though, with $2.82B in Total Cash (mrq) & $3.62B in Total Debt (mrq).
HMY stock offers a 2.62% dividend yield, which looks to be safe with a 13.4% Payout Ratio.
32% of all HMY stock’s share float is held by institutional investors.
Harmony Gold Mining Co. HMY Stock As A Short-Term Trade Using Options
HMY stock has options that traders can use to hedge against market volatility, while still capturing their upward price momentum in the near-term.
I am looking at the contracts with the 2/18 expiration date.
The $4 & $5 calls both look appealing & very liquid, with solid levels of open interest & daily volume.
Although far less liquid, the $6 & $5 puts also look appealing.
With the limited open interest on puts vs. calls, the market is implying that HMY stock will continue to climb in the coming month.
Tying It All Together
Overall, there are many advantages to HMY stock over its competitors.
Investors will like their valuation metrics, although will want to take a closer look at their balance sheet.
Traders will like their liquid options market, as well as their current momentum.
HMY stock is worth taking a closer look at, regardless of your trading style.
*** I DO NOT OWN SHARES OF HMY STOCK ***