Zoetis Inc. stock trades under the ticker ZTS & has shown recent bullishness that traders & investors should research further into.
ZTS stock closed at $164.31/share on 9/9/2022.
Zoetis Inc. ZTS Stock’s Technical Performance Broken Down
ZTS Stock Price: $164.31
10 Day Moving Average: $158.78
50 Day Moving Average: $171.00
200 Day Moving Average: $187.57
RSI: 49.12
MACD: -3.552
On Friday, ZTS stock completed a bullish MACD crossover, settling above its 10 day moving average, after gapping up 3.67%.
Recent trading volumes have been about average for the year prior, and their RSI is neutral, signaling that there may be more upward momentum to come in the near-term.
They have support at the $156.38 & 154.49/share price levels, while they try to break above the $165.45 & $168.24/share resistance levels.
Zoetis Inc. ZTS Stock As A Long-Term Investment
Long-term oriented investors may find ZTS stock’s valuation metrics to be a bit rich, and would be wise to compare them to industry peers, with their 35.6 P/E (ttm) & 16.05 P/B (mrq).
They recently reported 5.3% Quarterly Revenue Growth Y-o-Y, with 3.3% Quarterly Earnings Growth Y-o-Y.
Their balance sheet may warrant a closer examination before investing as well, with $2.75B of Total Cash (mrq) & $6.76B of Total Debt (mrq).
ZTS stock pays a 0.73% dividend, which appears stable in the long-term, as their payout ratio is 26.08%.
94.03% of ZTS stock’s outstanding share float is owned by institutional investors.
Zoetis Inc. ZTS Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to profit from ZTS stock’s price movements, while protecting their portfolio from volatility in the broader markets.
I am looking at the contracts with the 10/21 expiration date.
The $160, $155 & $150 call options are all in-the-money, listed from highest to lowest levels of open interest.
The $180, $165 & $175 puts are also all in-the-money, with the former being more liquid than the latter strikes.
Tying It All Together
ZTS stock has many interesting attributes that traders & investors should find appealing.
Investors will like their stable dividend yield, but may want to dig deeper into their balance sheet & valuation metrics before investing.
Traders will like their current technical performance, as well as the liquidity of their options.
Overall, it is worth taking a closer look into ZTS stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF ZTS STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***