Do Traders Think Elevate Credit Inc (ELVT) Can Keep Climbing Friday?

Friday, February 24, 2023 09:42 AM | InvestorsObserver Analysts

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Do Traders Think Elevate Credit Inc (ELVT) Can Keep Climbing Friday?

Overall market sentiment has been high on Elevate Credit Inc (ELVT) stock lately. ELVT receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Elevate Credit Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ELVT!

See Full ELVT Report

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. 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 ELVT Stock Today?

Elevate Credit Inc (ELVT) stock is up 1.09% while the S&P 500 has fallen -1.26% as of 9:41 AM on Friday, Feb 24. ELVT is up $0.02 from the previous closing price of $1.84 on volume of 48,088 shares. Over the past year the S&P 500 is lower by -6.24% while ELVT has fallen -39.61%. ELVT lost -$2.13 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for Elevate Credit Inc click here.

More About Elevate Credit Inc

Elevate Credit Inc provides online credit solutions. The company provides credit to non-prime consumers, many of whom face reduced credit options and increased financial pressure due to macroeconomic changes over the past few decades. It has one reportable segment, which provides online financial services for subprime credit consumers, which is composed of the company's operations in the United States. Click Here to get the full Stock Report for Elevate Credit Inc stock.