J.M. Smucker Co. stock trades under the ticker SJM & has shown recent bullishness that traders & investors should take a closer look into.
SJM stock closed at $138.99/share on 2/18/2022.
J.M. Smucker Co. SJM Stock’s Technicals Broken Down
SJM Stock Price: $138.99
10 Day Moving Average: $136.40
50 Day Moving Average: $137.17
200 Day Moving Average: $128.84
RSI: 54.66
MACD: -0.119
On Friday, SJM completed a bullish MACD crossover, while trading on just below average volume for the year prior.
With a neutral RSI & <0.5% between their 10 & 50 Day Moving Averages looks set to continue to the bullish charge & push SJM stock higher.
SJM stock’s next text of resistance will be at $139.70, followed by $140.73.
J.M. Smucker Co. SJM Stock As A Long-Term Investment
Investors will find SJM stock’s P/E (ttm) to be fair at 27.74, although their P/B (mrq) is a bit rich at 37.96.
SJM had Quarterly Revenue Growth Y-o-Y of 11.2%, with 20.4% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a closer examination, with Total Cash (mrq) of $63.91B & Total Debt (mrq) of $122.8B.
SJM offers a 2.85% dividend yield, which looks safe, despite their payout ratio being 52%.
60% of SJM stock’s outstanding share float is held by institutional investors.
J.M. Smucker SJM Stock As A Short-Term Trade Using Options
SJM stock has options that traders can use to profit from short-term price fluctuations in either direction.
I am looking at the contracts with the 3/18 expiration date.
The $130, $135 & $140 call options all look appealing, although they have low open interest levels.
The $150 & $145 puts also look appealing, but very illiquid.
Tying It All Together
All-in-all, SJM stock has many characteristics that traders & investors alike will like.
Investors will like their dividend yield & valuation metrics, although they will want to look into their debt structure more closely.
Traders focused on the short-term will like their current momentum, but dislike the illiquidity of their options contracts.
SJM stock is worth taking a closer look at, regardless of your trading style.
*** I DO NOT OWN SHARES OF SJM STOCK ***