SpartanNash Company SPTN Stock Analysis

SpartanNash Company stock trades under the ticker SPTN & has shown recent bullishness that traders & investors should research further into.

SPTN stock closed at $31.34/share on 9/12/2022.

SpartanNash Company SPTN Stock’s Technical Performance Broken Down

SpartanNash Company SPTN Stock's Technical Performance Over The Last Year

SPTN Stock Price: $31.34

10 Day Moving Average: $30.80

50 Day Moving Average: $31.42

200 Day Moving Average: $29.90

RSI: 50.14

MACD: -0.195

Yesterday, SPTN stock completed a bullish MACD crossover, settling down 0.67%, just beneath its 50 day moving average.

Recent trading volumes have been below average compared to the year prior, and their RSI is still neutral, signaling that investors are not confident in their current valuation & there may be more volatility ahead in the near-term.

They have support at the $31.10 & $30.87/share price levels, as they try to break above the $31.69 & $31.92/share resistance levels.

SpartanNash Company SPTN Stock As A Long-Term Investment

Long-term oriented investors will like SPTN stock’s valuation metrics, with an 18.45 P/E (ttm) & 1.42 P/B (mrq).

Investors will want to review their recently reported growth before investing though, with 7.9% Quarterly Revenue Growth Y-o-Y, but -69.6% Quarterly Earnings Growth Y-o-Y.

Their balance sheet will also require a closer examination before investing, with $21.2M of Total Cash (mrq) & $773.71M of Total Debt (mrq).

SPTN stock pays a 2.6% dividend, which appears to be stable in the long-run, as their payout ratio is 47.95%.

90.34% of SPTN stock’s outstanding share float is owned by institutional investors.

SpartanNash Company SPTN Stock As A Short-Term Trade Using Options

Short-term oriented traders can use options to profit from price movements in SPTN stock, while hedging against broader market volatility.

I am looking at the contracts with the 10/21 expiration date.

The $30, $25 & $22.50 call options are all in-the-money, listed from most to least liquid strike price.

Currently, only the $35 puts are in-the-money, but there will likely be an increase in contracts written after Friday’s September expiration date passes (9/16).

Tying It All Together

SPTN stock has many attributes that traders & investors are sure to find interesting.

Investors will like their valuation metrics, as well as their safe dividend yield.

Traders will like their current technical strength compared to the rest of the market.

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