Smith and Nephew PLC stock trades under the ticker SNN & has shown recent bullishness that traders & investors should research further into.
SNN stock closed at $24.80/share on 9/2/2022.
Smith and Nephew PLC SNN Stock’s Technical Performance Broken Down
SNN Stock Price: $24.80
10 Day Moving Average: $24.24
50 Day Moving Average: $26.48
200 Day Moving Average: $30.92
RSI: 43.65
MACD: -0.72
On Friday, SNN stock completed a bullish MACD crossover, breaking out & settling above its 10 day moving average.
Recent trading volumes have been above average compared to the year prior, and their RSI is on the oversold end of neutral, signaling that there may be more momentum to come in the near-term.
They have support at $23.48 & $24.80, as they try to break above the $26.54 & $26.56/share resistance levels.
Smith and Nephew PLC SNN Stock As A Long-Term Investment
Long-term oriented investors will find SNN stock’s P/E (ttm) of 21.91 to be appealing, although they may find their P/B (mrq) of 2 to be a little bit higher than they’d like.
Before investing, research should be done into their recently reported growth, with 0% Quarterly Revenue Growth Y-o-Y & -13.7% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will also require some further investigating, with $516M of Total Cash (mrq) & $2.89B of Total Debt (mrq).
SNN stock pays a 1.52% dividend, which may not be sustainable in the long-run, as their payout ratio is 66.3%.
8.94% of SNN stock’s outstanding share float is owned by institutional investors.
Smith and Nephew PLC SNN Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to profit from price movements in SNN stock, while hedging against broader market volatility.
I am looking at the contracts with the 9/16 expiration date.
The $22.50 calls are currently in-the-money, with the $25 calls approaching being at the money.
The $25, $30 & $35 puts are also all in-the-money, listed from highest to lowest levels of open interest.
Tying It All Together
SNN stock has many interesting characteristics that traders & investors are sure to find appealing.
Investors will like their valuation metrics, as well as their dividend yield, but may want to research their recent growth & balance sheet more before investing.
Traders will like their current technical momentum, but may wish that their options were more liquid.
Overall, it is worth taking a closer look into SNN stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF SNN STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***