New York Times Co. stock trades under the ticker NYT & has shown recent bullishness that traders & investors should research further into.
NYT stock closed at $38.19/share on 3/29/2023.
New York Times Co. NYT Stock’s Technical Performance Broken Down
NYT Stock Price: $38.19
10 Day Moving Average: $37.60
50 Day Moving Average: $37.38
200 Day Moving Average: $32.87
RSI: 54.58
MACD: -0.005
Yesterday, NYT stock completed a bullish MACD crossover, gaining +1.81% on the day’s session.
Their RSI is neutral & recent trading volumes have been about average compared to the year prior.
NYT stock has support at the $37.80, $37.60 (10 day moving average) & $37.38/share price levels, with resistance at the $39.24, $39.96 & $40.73/share price levels.
New York Times Co. NYT Stock As A Long-Term Investment
Long-term oriented investors will like NYT stock’s 36.22 P/E (ttm), but may find their 3.88 P/B (mrq) to be a bit too rich.
They recently reported 12.5% Quarterly Revenue Growth Y-o-Y, with 1.3% Quarterly Earnings Growth Y-o-Y.
Their balance sheet looks solid, with $347.36M in Total Cash (mrq) & $69.03M of Total Debt (mrq).
NYT stock pays a modest 0.96% dividend, which appears to be sustainable in the long-run, as their payout ratio is 34.62%.
93.54% of NYT stock’s outstanding share float is owned by institutional investors.
New York Times Co. NYT Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to hedge their portfolios against volatility, while profiting from price movements in NYT stock.
I am looking at the contracts with the 4/21 expiration date.
The $38, $37 & $36 call options are all in-the-money, listed from highest to lowest level of open interest.
The $41, $39 & $40 puts are also all in-the-money, with the former being more liquid than the latter strikes.
Tying It All Together
NYT stock has many interesting attributes that traders & investors should look deeper into.
Investors will like their balance sheet & modest, but sustainable dividend.
Traders will like their recent technical performance & liquid options.
Overall, it is worth taking a closer look into NYT stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN NYT STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***