Molson Coors Brewing Co. stock trades under the ticker TAP & has shown recent bullishness that traders & investors should investigate further.
TAP closed at $53.80/share on 6/23/2022.
Molson Coors Brewing Co. TAP Stock’s Technical Performance Broken Down
TAP Stock Price: $53.80
10 Day Moving Average:$51.81
50 Day Moving Average: $53.56
200 Day Moving Average: $48.88
RSI: 54.48
MACD: -0.376
Yesterday, TAP stock completed a bullish MACD crossover, breaking above its 50 day moving average, after a third straight day of gains.
Their recent trading volumes have been roughly average compared to the year prior, & their RSI is still neutral, signaling that there may be more near-term room to continue climbing higher.
They will need to break above the $54.28 & $54.50 resistance levels as they continue to climb higher.
Molson Coors Brewing Co. TAP Stock As A Long-Term Investment
Long-term focused investors will like TAP stock’s valuation metrics, with a 10.59 P/E (ttm) & a 0.84 P/B (mrq).
They recently reported 16.7% Quarterly Revenue Growth Y-o-Y, with 80.1% Quarterly Earnings Growth Y-o-Y.
Investors would be wise to review their balance sheet more thoroughly before investing though, with a reported $358.7M of Total Cash (mrq) & $7.49B of Total Debt (mrq).
TAP stock pays a 2.01% dividend yield, which appears stable in the long-run, as their payout ratio is 21.5%.
89.14% of TAP stock’s outstanding share float is owned by institutional investors.
Molson Coors Brewing Co. TAP Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to profit from price movements in TAP stock, while hedging against market volatility.
I am looking at the contracts with the 7/15 expiration date.
The $52.50, $50 & $47.50 call options are all in-the-money, listed in order of most to least liquid.
The $55, $65 & $60 puts are also all in-the-money, with the latter being much more liquid than the former.
The most liquid strike for TAP 7/15 options is slightly out-of-the-money, at $52.50, making it worth looking at if the price continues to drop.
Tying It All Together
TAP stock has many interesting characteristics that traders & investors should be sure to like.
Investors will like their valuation metrics & dividend yield, but may want to take a closer look into the makeup of their balance sheet.
Traders will like their current momentum, but may be disappointed in how illiquid some of their option’s contracts strike prices are.
Overall, it is worth taking a closer look at TAP stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF TAP STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***