Movado Group, Inc. MOV Stock Analysis

Movado Group, Inc. stock trades under the ticker MOV & has shown recent bullishness that traders & investors should research further into.

MOV stock closed at $32.31/share on 12/14/2022.

Movado Group, Inc. MOV Stock’s Technical Performance Broken Down

Movado Group, Inc. MOV Stock's Technical Performance Over The Last Year

MOV Stock Price: $32.31

10 Day Moving Average: $31.57

50 Day Moving Average: $31.92

200 Day Moving Average: $32.99

RSI: 53.44

MACD: -0.158

Yesterday, MOV stock completed a bullish MACD crossover, closing +2.02%.

Recent trading volume has been about average compared to the year prior & their RSI is neutral, signaling that they may have more momentum in the near-term.

MOV stock has support at the $32.27 & $32.24/share price levels, as they try to break above the $32.40 & $32.70/share resistance levels.

Movado Group, Inc. MOV Stock As A Long-Term Investment

Long-term oriented investors will like MOV stock’s valuation metrics, with a 7.26 P/E (ttm), along with their 1.5 P/B (mrq).

They recently reported -2.9% Quarterly Revenue Growth Y-o-Y, with -6.7% Quarterly Earnings Growth Y-o-Y.

Their balance sheet also looks appealing, with a reported $187.08M of Total Cash (mrq) & $81.94M of Total Debt (mrq).

MOV stock pays a 4.1% dividend, which appears to be sustainable in the long run, as their payout ratio is 29.21%.

97.8% of MOV stock’s outstanding share float is owned by institutional investors.

Movado Group, Inc. MOV Stock As A Short-Term Trade Using Options

Short-term focused traders can trade options to profit from MOV stock’s price movements, while protecting their portfolios from broader market volatility.

I am looking at the contracts with the 12/16 expiration date, as the 1/20/23 date does not have as much open interest yet, which will change after this week’s expiration.

The $30, $25 & $22.50 call options are all in-the-money, listed from most to least liquid strike.

The $35, $40 & $50 puts are also all in-the-money, with the former having more open interest than the latter.

Tying It All Together

MOV stock has many interesting characteristics that traders & investors are sure to find appealing.

Investors will like their dividend, valuation metrics & balance sheet, but may want to look closer at their recent growth metrics before investing.

Traders will like their recent technical performance, but may be disappointed by how illiquid their options are.

All-in-all, it is worth taking a closer look into MOV stock to see how it fits into your portfolio strategy.