SKTelecom Co. Ltd. stock trades under the ticker SKM & has shown recent bullishness in a volatile market that traders & investors should research further into.
SKM stock closed at $21.54/share on 9/1/2022.
SKTelecom Co. Ltd. SKM Stock’s Technical Performance Broken Down
SKM Stock Price: $21.54
10 Day Moving Average: $21.25
50 Day Moving Average: $22.34
200 Day Moving Average: $24.69
RSI: 44.94
MACD: -0.358
Yesterday, SKM stock completed a bullish MACD crossover, settling above its 10 day moving average.
Recent volumes have been above average & their RSI is neutral, signaling that there may be more momentum in the near-term for them to continue climbing higher.
They have support at the $20.95/share level, as they attempt to break out above the $21.61 & $21.88/share resistance levels.
SKTelecom Co. Ltd. SKM Stock As A Long-Term Investment
Long-term oriented investors will like SKM stock’s valuation metrics, with a 14.24 P/E (ttm) & a 0.97 P/B (mrq).
They recently reported 4% Quarterly Revenue Growth Y-o-Y, but -66.8% Quarterly Earnings Growth Y-o-Y, which investors should research before buying.
Their balance sheet will need a further review before investing as well, with $114B of Total Cash (mrq) & a Total Debt/Equity (ttm) of 69.4.
SKM stock pays a 3.33% dividend yield & 5.12% of their outstanding share float is owned by institutional investors.
SKTelecom Co. Ltd. SKM Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to profit from SKM stock’s price movements, while hedging off market volatility.
I am looking at the contracts with the 9/16 expiration date.
The $15 & $20 call options are in-the-money, listed from most to least liquid.
The $22.50 & $25 puts are also in-the-money, with the former having more open interest than the latter.
Tying It All Together
SKM stock has many characteristics that traders & investors are sure to find appealing.
Investors will like their valuation metrics & dividend yield, but may want to review their balance sheet more thoroughly before investing.
Traders will like their current technicals amid a volatile market, but may be disappointed by the liquidity of their options.
All-in-all, it is worth taking a closer look into SKM stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF SKM STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***