Overall market sentiment has been down on Cosan Ltd (CZZ) stock lately. CZZ receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
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.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With CZZ Stock Today?
Cosan Ltd (CZZ) stock has risen 4.56% while the S&P 500 is down -1.23% as of 10:12 AM on Tuesday, Feb 23. CZZ is higher by $0.86 from the previous closing price of $18.86 on volume of 94,904 shares. Over the past year the S&P 500 is up 18.69% while CZZ is down -0.65%. CZZ earned $1.07 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 18.39.
More About Cosan Ltd
Cosan Ltd is engaged in the production of sugar, ethanol, fuel, and gas. The company reportable segments include Raizen Energia, Raizen Combustiveis, Comgas, Logistic, and Moove as well as Cosan Corporate. It generates maximum revenue from the Raizen Combustiveis segment. Geographically, the company generates maximum revenue from Brazil and also has a presence in Europe, Latin America, North America, and Asia and Other Countries.