PJT Partners Inc. stock trades under the ticker PJT & has shown recent bullish behavior that traders & investors should research further into.
PJT stock closed at $68.77/share on 10/3/2022.
PJT Partners Inc. PJT Stock’s Technical Performance Broken Down
PJT Stock Price: $68.77
10 Day Moving Average: $67.12
50 Day Moving Average: $70.59
200 Day Moving Average: $68.14
RSI: 50.01
MACD: -1.060
Yesterday, PJT stock completed a bullish MACD crossover, gaining 2.92% by the close of trading.
Recent volumes have been about average compare to the year prior, and their RSI is neutral, signaling that there may be more momentum to come in the near-term.
They have support at the $68.61 & $68.59 price levels, as they try to break out above the $69.82 & $69.90 resistance range.
PJT Partners Inc. PJT Stock As A Long-Term Investment
Long-term oriented investors may find PJT stock’s valuation metrics to be a bit higher than they’d like to see, with a 42.09 P/E (ttm) & a 13.41 P/B (mrq).
Their recently reported growth metrics will also require a more thorough review, with -3.10% Quarterly Revenue Growth Y-o-Y, and -17.2% Quarterly Earnings Growth Y-o-Y.
Their balance sheet looks appealing though, with $147.32M of Total Cash (mrq) & $143.84M of Total Debt (mrq).
PJT stock pays a 0.9% dividend, which appears stable in the long-run, with a 37.8% payout ratio.
71.29% of PJT stock’s outstanding share float is owned by institutional investors.
PJT Partners Inc. PJT Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to hedge against market volatility, while profiting from moves in PJT stock.
I am looking at the contracts with the 12/16 expiration date.
There are no in-the-money calls at this expiration date, but there is liquidity at the $70, $75 & $80 strike prices.
The $70 puts are in-the-money.
Tying It All Together
PJT stock has many interesting characteristics that traders & investors will like.
Investors will like their dividend yield & balance sheet, but may want to look deeper into their recent growth metrics.
Traders will like their recent technical performance, but will be disappointed at the liquidity of their options.
All-in-all, it is worth taking a closer look into PJT stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF PJT STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***