Timken Steel Corp. stock trades under the ticker TMST & has shown recent bullishness that traders & investors should take note of.
TMST stock closed at $13.75/share on 10/26/2021, after completing many bullish indicators that signal future growth is to come in the near-term.
Timken Steel Corp. TMST Stock’s Technical Performance Broken Down
TMST Stock Price: $13.75
10 Day Moving-Average: $13.19
50 Day Moving-Average: $13.51
200 Day Moving-Average: $11.96
RSI: 54.6
MACD: -0.064
Yesterday, TMST stock completed a bullish MACD crossover, while also bullishly breaking through its 10 & 50 Day Moving-Averages.
With a neutral RSI, TMST has more room to run in the near-term, although traders should note that their volume is about average compared with the rest of the year.
This may be of less concern to traders now, as most stocks that we have covered on this site have been trading below their annual average volumes.
Timken Steel Corp. TMST Stock As A Long-Term Investment
Investors may be interested in TMST stock’s valuation metrics, where their P/E (ttm) is 21.83 & their P/B is 1.04.
TMST stock has experienced Quarterly Revenue Growth Y-o-Y of 112%, which also should catch the eye of investors.
TMST’s balance sheet is also appealing, with Total Cash (mrq) of $115.2M & Total Debt (mrq) of only $63.9M.
Two areas of concern for investors may be their lack of a dividend yield, as well as their high beta that is 2.09, meaning that they will generally move in a more volatile fashion than the rest of the market.
Timken Steel Corp. TMST Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to take advantage of TMST stock’s recent momentum, while hedging against broader market inflation.
I am looking at the contracts with the 11/19 expiration date.
The $15 & $12.50 calls look appealing, although they will need to test the $14.69 level before the former will be in-the-money.
The $15 & $17.50 puts also look appealing as a means of hedging against a fall in price caused by broader market volatility.
Tying It All Together
Overall, TMST stock has many appealing attributes that traders & investors should take a closer look at.
Traders will like TMST’s current momentum & with 3 weeks left on their option contracts there is time for them to break out into higher territory, putting the $15 calls in-the-money.
Investors will like their fundamentals, although they may be disappointed by the lack of dividend.
All-in-all, TMST stock is worth taking a closer look at.
*** I DO NOT OWN SHARES OF TMST STOCK ***