Popular, Inc. stock trades under the ticker BPOP & has shown recent bullishness that traders & investors should take a closer look into.
BPOP closed at $84.17/share on 3/21/22.
Popular, Inc. BPOP Stock’s Technicals Broken Down
BPOP Stock Price: $84.17
10 Day Moving Average: $82.19
50 Day Moving Average: $88.76
200 Day Moving Average: $79.81
RSI: 47.18
MACD: -1.638
BPOP stock completed a bullish MACD crossover today, and has been trading on above average volume in 2022, compared with the year prior.
There is ~8% difference between their 10 Day Moving Average & their 50 Day Moving Average, with their share price falling midway between.
With an RSI that is still below neutral, there looks to be more momentum to come.
They will need to test & break above $86.76, $87.86 & $89.48 price levels.
Popular, Inc. BPOP Stock As A Long-Term Investment
Long-term oriented investors will find BPOP stock’s valuation metrics appealing, with a P/E (ttm) of 7.08 & a P/B (mrq) of 1.09.
They reported Quarterly Revenue Growth Y-o-Y of 17.4%, with 16.9% Quarterly Earnings Growth Y-o-Y.
BPOP stock’s balance sheet also looks appealing, with Total Cash (mrq) of $18B & Total Debt (mrq) of $1.34B.
Their most recent credit rating from Moody’s was A3, before being withdrawn.
BPOP stock pays a 2.07% dividend, with a safe payout ratio of 15.3%.
88.2% of BPOP stock’s outstanding share float is held by institutional investors.
Popular, Inc. BPOP Stock As A Short-Term Trade Using Options
Popular, Inc. stock has options that can be traded to hedge off broader market volatility.
I am looking at the contracts with the 4/14 expiration date.
The $80 & $85 calls look appealing, but relatively illiquid, with low levels of open interest.
The $100 & $95 puts also look interesting, but are less liquid.
Tying It All Together
Overall, BPOP stock has many appealing attributes for traders & investors alike.
Investors will like their fundamentals, while traders will be pleased with their current momentum, but may be disappointed by the liquidity of their options contracts.
BPOP stock is worth taking a closer look into, regardless of your trading style.
*** I DO NOT OWN SHARES OF BPOP STOCK ***