Weber Inc. stock trades under the ticker WEBR & has shown recent bullishness after suffering a difficult end to July that I have used to begin a new position at a better price.
WEBR stock closed at $7.48/share on 8/5/2022.
Weber Inc. WEBR Stock’s Technical Performance Broken Down
WEBR Stock Price: $7.48
10 Day Moving Average: $6.60
50 Day Moving Average: $7.59
200 Day Moving Average: $10.43
MACD: -0.279
RSI: 53.13
On Friday, WEBR stock completed a bullish MACD crossover, notching a fourth consecutive day of gains & settling just beneath its 200 day moving average.
Their recent trading volumes have been below average for the year & their RSI is neutral, signaling that there is still uncertainty about their proper price level in the market.
WEBR has support at $6.94 & $6.83, as they try to break above the $7.59 & $7.71/share resistance levels.
Weber Inc. WEBR Stock As A Long-Term Investment
Long-term oriented investors are more likely avid users of the product than deep value seekers, as WEBR stock’s valuation metrics are not as strong as those that we typically publish about on this site.
They recently reported -7.2% Quarterly Revenue Growth Y-o-Y.
Their balance sheet leaves a lot to be desired, with $53.6M of Total Cash (mrq) & $1.4B of Total Debt (mrq).
WEBR stock pays a 2.03% dividend yield, but investors should research further into its sustainability before making an investment.
68.5% of WEBR stock’s outstanding share float is owned by institutional investors.
Weber Inc. WEBR Stock As A Short-Term Trade Using Options
Short-term focused traders can trade options to profit from WEBR stock’s price movements in any direction, while also hedging against broader market volatility.
I am looking at the contracts with the 8/19 expiration date.
The $7.50, $5 & $2.5 call options are all in-the-money, listed from highest to lowest levels of open interest.
The $10, $20 & $15 puts are also all in-the-money, with the former being more liquid than the latter strike prices.
Tying It All Together
WEBR stock is a company that I have a soft-spot for, as I own & frequently use many of their products (they also make great gifts, but that’s another story for another time).
Investors will likely not be interested in their name from a value perspective, but there could be a growth story there in the mid-to-long term, as many people flocked to buy patio & outdoor goods at the onset of COVID.
Traders will like the liquidity of their options, as well as their current technical set up.
Overall, it is worth taking a closer look into WEBR stock to see how it fits into your portfolio strategy.
*** I DO HAVE A LONG-POSITION IN WEBR STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***