RCM Technologies stock trades under the ticker RCMT & has shown recent bullishness that traders & investors should take a closer look into.
RCMT stock closed at $9.86/share on 3/31/2022.
RCM Technologies, Inc. RCMT Stock’s Technicals Broken Down
RCMT Stock Price: $9.86
10 Day Moving Average: $8.50
50 Day Moving Average: $7.24
200 Day Moving Average: $6.20
RSI: 72.83
Yesterday, RCMT stock gapped up 14.92%, breaking above its 10 day moving average.
Their trading volume was far above average compared to the year prior.
RCMT stock’s RSI is approaching overbought, and their MACD line is beginning to curl over a bit, signaling that there may be some temporary dips in price as they establish a new trading range.
RCM Technologies RCMT Stock As A Long-Term Investment
Investors focused on holding their positions for the long-term will find RCMT stock’s P/E (ttm) of 30.64 to be appealing, but may balk at their P/B (mrq) of 3.66.
RCM Technologies recently reported 44.1% Quarterly Revenue Growth Y-o-Y.
Their balance sheet may require a deeper review, as they have $2.82M in Total Cash (mrq) & $12.29M in Total Debt (mrq).
RCMT stock does not offer a dividend yield.
This is likely part of why they only have 35% of their outstanding share float held by institutional investors.
RCM Technologies RCMT Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to profit from RCMT stock’s price movements, while hedging against broader market volatility.
I am looking at the contracts with the 4/14 expiration date.
The $7.50 & $10 calls look interesting, although illiquid, as they have open interest levels of <100.
The $10 puts are the only ones at a strike price that is in-the-money, but they are also very illiquid.
Tying It All Together
All-in-all, RCMT stock is worth taking a closer look into for traders & investors.
Investors will find their valuation metrics appealing, but may be disappointed by their lack of a dividend yield.
Traders will like their current momentum, but be disappointed by the lack of liquidity in their options contracts.
RCMT stock is worth conducting further research on, regardless of your trading style.
*** I DO NOT OWN SHARES OF RCMT STOCK ***