Toro Co. stock trades under the ticker TTC & has shown recent bullishness that traders & investors should research further into in order to plan a position in less volatile market conditions.
TTC stock closed at $105.87/share on 4/18/2023.
Toro Co. TTC Stock’s Technical Performance Broken Down
TTC Stock Price: $105.87
10 Day Moving Average: $103.93
50 Day Moving Average: $109.06
200 Day Moving Average: $100.44
RSI: 47.16
MACD: -1.366
Yesterday, TTC stock completed a bullish MACD crossover, gaining +0.47% on the day’s session.
Recent trading volumes have been about average compared to the year prior & their RSI is neutral.
Yesterday’s doji candlestick signals uncertainty in their near-term price is on the horizon & traders & investors should be watching how they behave at support levels in order to time a position entry when the markets have become less volatile.
TTC stock has support at the $105.11, $104.14 & $103.93/share (10 day moving average) price levels, with resistance at the $107.07, $107.09 & $108.65/share price levels.
Toro Co. TTC Stock As A Long-Term Investment
Long-term focused investors will like TTC stock’s 22.78 P/E (ttm), but will find their 7.49 P/B (mrq) to be too high.
They recently reported 23.2% Quarterly Revenue Growth Y-o-Y, with 53.7% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough review, with $174.04M of Total Cash (mrq) & $1.17B of Total Debt (mrq).
TTC stock pays a 1.18% dividend, which appears to be sustainable in the long run as their payout ratio is 27.25%.
88.22% of TTC stock’s outstanding share float is owned by institutional investors.
Toro Co. TTC Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from movements in TTC stock’s price, while protecting their portfolio against volatility.
I am looking at the contracts with the 6/16 expiration date.
The $105, $95 & $90 call options are all in-the-money, listed from highest to lowest level of open interest.
The $110, $115 & $120 puts are also all in-the-money, withe the former strike being more liquid than the latter two.
Tying It All Together
TTC stock has many interesting characteristics that traders & investors will find favorable.
Investors will like their dividend yield, as well as their recent growth metrics, but will want to dig deeper into their balance sheet’s structure.
Traders will like TTC’s recent technical performance, but may be disappointed by their relatively illiquid options.
Overall, it is worth taking a closer look into TTC stock now to see how it fits into your portfolio strategy for when market volatility has subsided.
*** I DO NOT OWN SHARE OR OPTIONS CONTRACT POSITIONS IN TTC STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***