Macy’s Inc. M Stock Analysis

Macy’s Inc. stock trades under the ticker M & has shown recent bullishness that traders & investors should take a closer look at.

M stock closed at $26.85/share on 1/25/2022, with additional bullish momentum behind it, despite broader market volatility.

Macy’s Inc. M Stock’s Technicals Broken Down

Macy's Inc. M Stock's Technical Performance Over The Last Year

M Stock Price: $26.85

10 Day Moving Average: $25.74

50 Day Moving Average: $27.43

200 Day Moving Average: $22.06

RSI: 52.98

MACD: -0.329

Yesterday, M stock completed a bullish MACD crossover, while temporarily breaking out above its 50 Day MA.

With a neutral RSI, there looks to be more momentum in the near-term to try to re-test the $27.80 level of resistance, which would then lead them to the $28.52-level for their next test.

Their volumes the last few days have been creeping up above average for the year, which will also be something to keep an eye on.

Macy’s Inc. M Stock As A Long-Term Investment

Investors may find Macy’s Inc. stock’s valuation metrics appealing, with a P/E(ttm) of 9.94 & a P/B (mrq) of 2.66.

M stock had Quarterly Revenue Growth Y-o-Y of 35.1%.

Macy’s balance sheet will require some deeper digging though, as at first glance it has Total Cash (mrq) of $316M & Total Debt (mrq) of $6.53B.

Macy’s stock does offer a dividend yield of 0.55%, which appears to be very safe & could perhaps even rise down the line, as their Payout Ratio is a safe 5%.

98% of M stock’s share float is held by institutional investors.

Macy’s Inc. M Stock As A Short-Term Trade Using Options

Traders can use options in order to fend off from broader market volatility, while still capturing M stock’s upwards price momentum.

I am looking at the contracts with the 2/18 expiration date.

The $27 calls & $27.50 both look appealing, with the former having more liquidity & being in-the-money, making them more favorable.

The $29 puts have more open interest than the contracts that are closer to being at-the-money, as do the $30’s.

Look for Open Interest levels to increase week-over-week, as M stock does have weekly expirations.

Tying It All Together

All-in-all, there looks to be many interesting characteristics for M stock that traders & investors should be interested in.

Their valuation metrics should appeal to long-term oriented investors, while their current momentum & technicals set up should appeal to short-term traders.

M stock is worth taking a closer look at, regardless of your trading style.