Weis Markets, Inc. WMK Stock Analysis

Weis Markets, Inc. stock trades under the ticker WMK & has shown recent bullishness that traders & investors should take a closer look into.

WMK stock closed at $76.82/share on 6/15/2022.

Weis Markets, Inc. WMK Stock’s Technical Performance Broken Down

Weis Markets, Inc. WMK Stock's Technical Performance Over The Last Year

WMK Stock Price: $76.82

10 Day Moving Average: $74.90

50 Day Moving Average: $78.10

200 Day Moving Average: $65.80

RSI: 53.15

MACD: -0.928

Yesterday, WMK stock completed a bullish MACD crossover, while breaking out above its 10 day moving average.

Their RSI is neutral & recent trading volume is about average compared to the year prior.

They will need to break above the $77.32 & $77.92 resistance levels as they continue to climb higher.

Weis Markets, Inc. WMK Stock As A Long-Term Investment

Long-term oriented investors will like WMK stock’s valuation metrics, with a 16.96 P/E (ttm) & a P/B (mrq) of 1.59.

They recently reported 9.7% quarterly revenue growth Y-0-Y, with 29.4% quarterly earnings growth Y-o-Y.

Their balance sheet looks strong, with $291.85M of Total Cash (mrq) & $203.72M of Total Debt (mrq).

WMK stock pays a 1.7% dividend yield, which appears stable in the long-run with a 29.2% payout ratio.

39.9% of WMK stock’s outstanding share float is owned by institutional investors.

Weis Markets, Inc. WMK Stock As A Short-Term Trade Using Options

Short-term focused traders can use options to profit from WMK stock’s price movements, while also protecting their portfolio from volatility.

I am looking at the contracts with the 7/15 expiration date.

The $75, $70 & $65 call options are all in-the-money, with the former being the most liquid & the latter the least.

The $80 puts are the only strike price in-the-money currently, but as tomorrow is an expiration date, there may be more contracts written in the coming week.

Tying It All Together

WMK stock has many interesting characteristics that traders & investors are both sure to find appealing.

Investors will like their valuation metrics, strong balance sheet & stable dividend yield.

Traders will like their current performance amid market volatility, but may be disappointed with how liquid their options are.

Overall, WMK stock is worth taking a closer look into to see how it fits into your portfolio strategy.