iStar Inc. stock trades under the ticker STAR & has shown recent bullishness that traders & investors should take a closer look at.
STAR stock closed at $25.28/share on 12/6/2021, and is a member of the Mortgage REITs industry.
iStar Inc. STAR Stock’s Technicals Broken Down
STAR Stock Price: $25.28
10 Day Moving Average: $24.25
50 Day Moving Average: $25.04
200 Day Moving Average: $21.61
RSI: 53.8
MACD: -0.271
Yesterday, STAR stock completed a bullish MACD crossover, on higher than average volume for the year.
They also broke out above their 50 day moving average, with <3% between their 10 day & 50 day MAs.
This looks set to push them further in the near-term, as there is built up positive momentum from a technical standpoint.
The $25.32-level is the next resistance test for STAR to break through.
iStar Inc. STAR Stock As A Long-Term Investment
Investors will like STAR stock’s valuation metrics, with a P/E (ttm) of 23.43 & a P/B of 1.95.
Their Quarterly Revenue Growth Y-o-Y is 75.6%, and their beta is cooler than the broader market at 0.76.
STAR stock’s balance sheet is an area of concern though, with $298.9M in Total Cash (mrq) & Total Debt (mrq) of $3.49B.
They offer a 1.93% dividend yield, which looks safe with a 45% payout ratio.
iStar Inc. STAR Stock As A Short-Term Trade Using Options
Traders can use options to take advantage of STAR stock’s current momentum in the near-term.
I am looking at the contracts with the 12/17 expiration date.
The $25 & $30 calls look appealing, with the former being more liquid than the latter.
There is no open interest in the $35 puts, so the $30 strike price is the most liquid reasonable option.
The put:call ratio implies that the market sees STAR stock climbing higher in the coming weeks.
Tying It All Together
Investors will like STAR stock’s valuation metrics as well as their dividend yield.
Traders will like their current momentum, although their open interest is not as liquid as many would like for their options contracts.
Overall, there looks to be many appealing characteristics of iStar Inc.’s stock that traders & investors should take a closer look at.
*** I DO NOT OWN SHARES OF STAR STOCK ***