NetScout Systems, Inc. stock trades under the ticker NTCT, and has shown recent bullishness amid broader market volatility that traders & investors should take a closer look at.
NTCT stock closed at $31.49/share on 3/11/2022.
NetScout Systems, Inc. NTCT Stock’s Technicals Broken Down
NTCT Stock Price: $31.49
10 Day Moving Average: $31.08
50 Day Moving Average: $31.32
200 Day Moving Average: $29.64
RSI: 52.6
MACD: -0.065
On Friday, NTCT stock completed a bullish MACD crossover, while also breaking out bullishly above both its 10 & 50 Day Moving Averages.
Their RSI is still neutral, signaling that there is more room to move to the upside before the market thinks that they are overbought.
NTCT will need to pass through the $31.82/share mark, before testing out the $32.08 resistance level.
NetScout Systems Inc. NTCT Stock As A Long-Term Investment
Long-term oriented investors will find NTCT stock’s valuation metrics to be fair, with a P/E (ttm) of 42.4 & a P/B (mrq) of 1.13.
Their most recent filings show 14.6% Quarterly Revenue Growth Y-o-Y, with 64% Quarterly Earnings Growth Y-o-Y.
Their balance sheet looks appealing, with Total Cash (mrq) of $553.5M & Total Debt (mrq) of $417.11M.
Unfortunately, NTCT stock does not offer a dividend.
Still though, they enjoy 95.4% institutional ownership of their outstanding share float.
NetScout Systems, Inc. NTCT Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to profit from NTCT stock’s movement in either direction.
I am looking at the contracts with the 3/18 expiration date.
The $30 calls look interesting, but very illiquid, and although the $35 calls are more liquid, they require an 11% jump over the course of this week to be at-the-money.
The $35 puts also look illiquid, but look to remain in-the-money before Friday’s expiration.
Tying It All Together
Overall, NTCT stock has many attributes that traders & investors will find interesting.
Investors will like their balance sheet & valuation metrics, but will be dissuaded by their lack of a dividend yield.
Traders will like their current pace of momentum, but may be disappointed by their lack of liquidity in their near-dated contracts.
NTCT stock is worth taking a closer look into, regardless of your trading style.
*** I DO NOT OWN SHARES OF NTCT STOCK ***