Southwest Gas Corp. SWX Stock Analysis

Southwest Gas Corp. stock trades under the ticker SWX & has shown recent bullishness that traders & investors should research further into.

SWX stock closed at $68.46/share on 11/21/2022.

Southwest Gas Corp. SWX Stock’s Technical Performance Broken Down

Southwest Gas Corp. SWX Stock's Technical Performance Over The Last Year

SWX Stock Price: $68.46

10 Day Moving Average: $65.46

50 Day Moving Average: $70.79

200 Day Moving Average: $78.09

RSI: 50.81

MACD: -1.414

Yesterday, SWX stock completed a bullish MACD crossover, gaining 2.49% for the day.

Recent trading volumes have been about average compared to the year prior & their RSI is neutral, signaling that there may be more upwards momentum to come in the near-term.

SWX stock has support at the $66.67 & $65.95/share price levels, as they try to break out above the $68.67 & $70.56/share resistance levels.

Southwest Gas Corp. SWX Stock As A Long-Term Investment

Long-term oriented investors will like SWX stock’s valuation metrics, with a 28.43 P/E (ttm) & a 1.31 P/B (mrq).

They recently reported 26.7% Quarterly Revenue Growth Y-o-Y.

Their balance sheet will require a more thorough review, with $175.27M of Total Cash (mrq) & $6.29B of Total Debt (mrq).

SWX pays a 3.64% dividend, which may not be sustainable in the long-run, as their payout ratio is 103.4%.

90.04% of SWX stock’s outstanding share float is owned by institutional investors.

Southwest Gas Corp. SWX Stock As A Short-Term Trade Using Options

Traders focused on the short-term can use options to protect their portfolio from market volatility, while also profiting from price movements in SWX stock.

I am looking at the contracts with the 12/16 expiration date.

The $65 & $60 calls are in-the-money, with the former being more liquid than the latter strike.

The $70, $85, $80 & $75 puts are also in-the-money, listed from highest to lowest level of open interest.

Tying It All Together

SWX stock has many interesting characteristics that traders & investors should take note of.

Investors will like their valuation metrics & dividend yield, but may want to review their balance sheet structure to see how sustainable their dividend is in the long-run.

Traders will like their recent technical performance, but may wish their options were more liquid.

Overall, it is worth taking a closer look into SWX stock to see how it fits into your portfolio structure.