Hawkins Chemical, Inc. stock trades under the ticker HWKN & has shown recent bullishness that traders & investors should take a closer look at.
HWKN stock closed at $40.98/share on 2/3/2022.
Hawkins Chemical, Inc. HWKN Stock’s Technicals Broken Down
HWKN Stock Price: $40.98
10 Day Moving Average: $37.69
50 Day Moving Average: $37.61
200 Day Moving Average: $35.28
RSI: 64.8
MACD: -0.023
Yesterday, HWKN stock completed a bullish MACD crossover, while gapping up 10.55%.
In addition to breaking out above their 10 & 50 Day Moving Averages, their 10 Day also bullishly crossed the 50 Day MA, adding additional momentum to their price movement.
Shares traded on above average volume compared to the rest of the year prior, and their RSI still has room to run before going into overbought territory.
HWKN stock closed above their most recent high from the last year as well.
Hawkins Chemical, Inc. HWKN Stock As A Long-Term Investment
Investors will like HWKN stock’s valuation metrics, with a P/E (ttm) of 16.5 & a P/B (mrq) of 2.76.
HWKN saw Quarterly Revenue Growth Y-o-Y of 30.9%, with 28.8% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a closer look from prospective investors, with Total Cash (mrq) of $23.44M & Total Debt (mrq) of $126.89M.
HWKN stock pays a dividend of 1.36%, which appears to be stable with a 21.83% Payout Ratio.
As a result, 63% of HWKN stock’s outstanding share float is held by institutional investors.
Hawkins Chemical, Inc. HWKN Stock As A Short-Term Trade Using Options
Traders can use options to take advantage of HWKN stock’s current momentum, while hedging against broader market volatility.
I am looking at the contracts with the 2/18 expiration date.
The $40 calls are the only ones with open interest that are near the money, but are very illiquid with open interest of 2.
The only puts that are near the money are the $35 strike price contracts, which will require a big drop to be in-the-money.
Tying It All Together
Overall, HWKN stock has many interesting characteristics for investors & traders alike.
Investors will like their valuation & dividend yield, but should look into their debt structure before making a long-term commitment.
Traders will like their current momentum, but will be displeased by the lack of liquidity in their near-dated options.
HWKN stock is worth taking a closer look at to see if it is a good fit for your portfolio.
*** I DO NOT OWN SHARES OF HWKN STOCK ***