Ryder Systems, Inc. stock trades under the ticker R & has shown recent bullish behavior that traders & investors should take a closer look into.
R stock closed at $55.53/share on 1/10/2023.
Ryder Systems, Inc. R Stock’s Technical Performance Broken Down
R Stock Price: $55.53
10 Day Moving Average: $83.63
50 Day Moving Average: $85.92
200 Day Moving Average: $77.25
Yesterday, R stock completed a bullish MACD crossover, rising 2.36% on the day.
Recent trading volumes have been lighter than usual, and their RSI is neutral, signaling that they may face a hard test at the $88/share price level.
R stock has support at the $85.92 & $84.64/share price levels, while they look to break above the $88.09 & $89.34/share resistance levels.
Ryder Systems, Inc. R Stock As A Long-Term Investment
Long-term oriented investors will like R stock’s valuation metrics, with a 5.14 P/E (ttm) & a 1.39 P/B (mrq).
They recently reported 23.4% Quarterly Revenue Growth Y-o-Y, with 78.2% Quarterly Earnings Growth (Y-o-Y).
Their balance sheet will require a more thorough examination, with $456.29M of Total Cash (mrq) & $6.89B of Total Debt (mrq).
R stock pays a 2.8% dividend, which appears to be sustainable in the long-run, as their payout ratio is 14.54%.
86.3% of R stock’s outstanding share float is owned by institutional investors.
Ryder Systems, Inc. R Stock As A Short-Term Trade Using Options
Traders who are focused on shorter time horizons can trade options to profit from price movements in R stock, while protecting their portfolio from volatility.
I am looking at the contracts with the 1/20 expiration date.
The $85, $70 & $75 call options are all in-the-money, listed from most to least liquid strike price.
The $90 & $100 puts are also in-the-money, with the former having more open interest than the latter strike.
Tying It All Together
R stock has many interest characteristics that traders & investors are sure to like.
Investors will like their valuation metrics & dividend yield, but may want to review their balance sheet further before investing.
Traders will like their recent technical performance & the liquidity of their options.
Overall, it is worth taking a closer look into R stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS POSITIONS IN R STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***