Do Traders Think Adient PLC (ADNT) Can Turn Around Wednesday?

Overall market sentiment has been high on Adient PLC (ADNT) stock lately. ADNT receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Adient PLC has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ADNT!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With ADNT Stock Today?

Adient PLC (ADNT) stock is lower by -11.33% while the S&P 500 has risen 0.1% as of 9:58 AM on Wednesday, Nov 8. ADNT has fallen -$4.04 from the previous closing price of $35.66 on volume of 183,561 shares. Over the past year the S&P 500 has risen 15.13% while ADNT has fallen -17.59%. ADNT earned $1.21 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 25.9.

More About Adient PLC

Adient began trading Oct. 31, 2016, when Johnson Controls spun off its automotive experience segment into this new company. Adient is the leading seating supplier to the industry with about one third of the global market. Its share in China is now nearly 20%, down from about 45%, following the sale of its main joint venture there at the end of fiscal 2021. Unconsolidated seating revenue from joint ventures after factoring in the sale was around $4.5 billion in fiscal 2021 and guidance for consolidated China revenue after the deal (before new China COVID-19 lockdowns in Spring 2022) was slightly over $1 billion. The company is headquartered in Ireland but has corporate offices in the Detroit area. Fiscal 2021 consolidated revenue, excluding joint venture sales, was $13.7 billion. Click Here to get the full Stock Report for Adient PLC stock.