Turning Point Brands, Inc. stock trades under the ticker TPB & has recently shown signs of bullishness.
TPB closed at $48.61/share on 10/25/2021, after completing multiple bullish indicators.
Turning Point Brands Inc. TPB Stock’s Technical Performance Broken Down
TPB Stock Price: $48.61
10 Day Moving-Average: $47.58
50 Day Moving-Average: $47.96
200 Day Moving-Average: $47.95
RSI: 57.7
MACD: -0.011
TPB stock completed a bullish MACD crossover yesterday, while also breaking out above all of its major moving averages bullishly.
With their 10 Day Moving-Average primed to cross through their 50 & 200 Day MA’s in the coming days, there looks to be additional momentum to help propel their price higher in the near-term.
The $49.25-$49.50 level is the next price level that they will test, and their RSI is still relatively neutral, which should also help their share price power higher.
Turning Point Brands Inc. TPB Stock As A Long-Term Investment
Investors with long time horizons may be interested in Turning Point Brands Inc.’s stock’s valuation metrics, with a P/E(ttm) of 21.2, although their P/B is a bit rich at 6.9.
TPB had 16.8% Quarterly Revenue Growth Y-o-Y, and has 81% % Institutional Investors.
TPB offers s modest dividend yield of 0.44%, with a very safe 9.4% payout ratio for investors.
One area of concern is TPB’s balance sheet, with $157.5M in Total Cash (mrq), but $448.4M in Total Debt (mrq).
Turning Point Brands Inc. TPB Stock As A Short-Term Trade Using Options
Short-term traders will like TPB’s current momentum, and can use options to profit from it while hedging against broader market volatility.
I am looking at the 11/19 expiration dated contracts.
The $45 & $50 calls look appealing, especially as they should gain more open interest as we approach the expiration date.
The $50 puts are more liquid than the $55 contracts, although that too is likely to change as their price continues on higher.
Tying It All Together
Overall, Turning Point Brands Inc.’s stock has many great qualities that traders & investors should both like.
TPB’s current momentum looks poised to continue upwards in the near-term, with additional strength to come in the coming days.
Long-term investors will like their valuation metrics & safe dividend yield.
All-in-all, it is worth taking a closer look at TPB stock.
*** I DO NOT OWN SHARES OF TPB STOCK ***