SJW Group Inc. stock trades under the ticker SJW & has shown some recent bullish signals that traders & investors should research further into for when markets become less consolidated.
SJW stock closed at $76.28/share on 5/30/2023.
SJW Group Inc. SJW Stock’s Technical Performance Broken Down
SJW Stock Price: $76.28
10 Day Moving Average: $75.39
50 Day Moving Average: $76.44
200 Day Moving Average: $72.53
RSI: 51.36
MACD: -0.313, -0.377, 0.064
Yesterday, SJW stock completed a bullish MACD crossover, gaining +0.18% on the day’s session.
Their RSI is neutral at 51.36 & recent trading volumes have been about average compared to the year prior.
However, yesterday’s session resulted in a gravestone doji candle, which signals more bearish sentiment is on the horizon, making it best for investors to wait to see how they behave around support levels in the near-term, while waiting for the market to break out of its recent sideways trend.
SJW stock has support at the $75.39 (10 day moving average, Volume Sentiment: Sellers, 5.19:1) , $74.49 (Volume Sentiment: Sellers, 1.63:1) , $74.41 (Volume Sentiment: Sellers, 1.63:1) & $73.92/share (Volume Sentiment: Sellers, 1.4:1) price levels, with resistance at the $76.44 (50 day moving average, Volume Sentiment: Buyers, 1.81:1) , $76.99 (Volume Sentiment: Buyers, 1.81:1) , $77.47 (Volume Sentiment: Sellers, 1.09:1) & $77.83/share (Volume Sentiment: Sellers, 1.09:1) price levels.
SJW Group Inc. SJW Stock As A Long-Term Investment
Long-term focused investors will like SJW stock’s valuation metrics, with a 31.2 P/E (ttm) & a 2.11 P/B (mrq).
They recently reported 10.5% Quarterly Revenue Growth Y-o-Y, with 208.5% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough analysis, with $23.33M of Total Cash (mrq) & $1.64B of Total Debt (mrq).
SJW stock pays a 1.92% dividend, which may not be sustainable in the long-run, as their payout ratio is 54.58%.
91.88% of SJW stock is owned by institutional investors.
SJW Group Inc. SJW Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from SJW stock’s price movements, while protecting their portfolio from broader market volatility.
I am looking at the contracts with the 6/16 expiration date.
The $75 call options are the only strike price that is in-the-money at that expiration date.
The $85 & $80 puts are in-the-money, with the former being more liquid than the latter strike.
Tying It All Together
SJW stock has many interesting characteristics that traders & investors should research further into.
Investors will like their recent growth metrics & dividend, but may want to research how sustainable their yield is, as well as dig deeper into their balance sheet.
Traders will like their recent technical performance, but may be disappointed by how illiquid their options are.
Overall, it is worth taking a closer look into SJW stock to see how it fits into your portfolio strategy for once the markets have begun trending upwards again.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN SJW AT THE TIME OF PUBLISHING THIS ARTICLE ***