Kroger Co. stock trades under the ticker KR & has shown recent bullishness that traders & investors should look closer into.
KR stock closed at $46.44/share on 7/29/2022.
Kroger Co. KR Stock’s Technical Performance Broken Down
KR Stock Price: $46.44
10 Day Moving Average: $46.47
50 Day Moving Average: $48.88
200 Day Moving Average: $48.26
RSI: 40.9
MACD: -0.871
On Friday, KR stock completed a bullish MACD crossover, closing just beneath its 10 day moving average.
Their RSI is on the oversold side of neutral, and recent volumes have been lighter than average, signaling that investors still have an unsure sentiment about its price.
They need to remain above the $45.72 support level, while trying to break above the $46.78 resistance level.
Kroger Co. KR Stock As A Long-Term Investment
Long-term oriented investors will like KR stock’s 15.92 P/E (ttm), but may think that their 3.5 P/B (mrq) is too rich at 3.5.
They recently reported 8% Quarterly Revenue Growth Y-o-Y, with 374.3% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a closer examination, with $1.38B of Total Cash (mrq) & $20.75B of Total Debt (mrq).
KR stock pays a 1.82% dividend yield, which appears to be stable in the long-run, as their payout ratio is 28%.
82.73% of KR stock’s outstanding share float is owned by institutional investors.
Kroger Co. KR Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to profit from price movements in KR stock, while protecting themselves from broader market volatility.
I am looking at the contracts with the 8/19 expiration date.
The $46, $45 & $44 call options are all in-the-money, with the former having more open interest than the latter 2.
The $48, $47 & $46.50 puts are also all in-the-money, listed in order of most to least liquid.
Tying It All Together
KR stock offers many opportunities to investors & traders alike.
Investors will like their safe dividend, along with their P/E, but may want to look closer into their balance sheet.
Traders will like their current market performance in times of elevated volatility compared to many of their peers, as well as how liquid their options are.
All-in-all, it is worth taking a closer look into KR stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF KR STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***