Standard Motor Products Inc. stock trades under the ticker SMP & has shown recent bullishness that traders & investors should research further into.
SMP stock closed at $32.49/share on 9/29/2022.
Standard Motor Products Inc. SMP Stock’s Technical Performance Broken Down
SMP Stock Price: $32.49
10 Day Moving Average: $33.20
50 Day Moving Average: $38.43
200 Day Moving Average: $42.88
RSI: 32.82
MACD: -1.686
Yesterday, SMP stock completed a bullish MACD crossover, despite dropping 1.87% for the day.
Recent trading volumes have been above average compared to the year prior, and their RSI is oversold, signaling that there may be some near-term strength to come, pending how the broader market indexes move.
They have support at the $31.61/share price level, as they try to break out above the $33.19 & $33.50/share resistance levels.
Standard Motor Products Inc. SMP Stock As A Long-Term Investment
Long-term focused investors will like SMP stock’s valuation metrics, with a 8.07 P/E (ttm) & a 1.16 P/B (mrq).
However, they may want to look deeper into their recently reported 5.1% Quarterly Revenue Growth Y-o-Y, but -29.5% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will also require some further review, with $14.19M of Total Cash (mrq) & $308.62M of Total Debt (mrq).
SMP stock pays a 3.2% dividend, which appears stable in the long-run, as their payout ratio is 25.81%.
79.93% of SMP stock’s outstanding share float is owned by institutional investors.
Standard Motor Products Inc. SMP Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to hedge against market volatility, while profiting from price movements in SMP stock’s price.
I am looking at the contracts with the 10/21 expiration date.
There are currently no calls in-the-money, but the $35 strike does have open interest (although limited).
The $35 puts are in-the-money, signaling that the overall sentiment towards SMP at the moment is bearish, which is confirmed by there only being one support level for the stock over the last year.
Tying It All Together
SMP stock has many interesting characteristics that traders & investors should find appealing.
Investors will like their valuation metrics & dividend yield, but may want to look deeper into the structure of their balance sheet.
Traders will be disappointed by how illiquid their options are currently, but will like the way that they perform in volatile markets as a small cap value name.
Overall, it is worth taking a closer look into SMP stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF SMP STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***