The market has been high on LGI Homes Inc (LGIH) stock recently. LGIH gets a Bullish score 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.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With LGIH Stock Today?
LGI Homes Inc (LGIH) stock has gained 3.04% while the S&P 500 is lower by -0.17% as of 10:08 AM on Thursday, Mar 4. LGIH is higher by $3.70 from the previous closing price of $121.71 on volume of 34,634 shares. Over the past year the S&P 500 is up 26.96% while LGIH is higher by 49.65%. LGIH earned $12.76 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 9.85.
To see InvestorsObserver's Sentiment Score for LGI Homes Inc click here.
More About LGI Homes Inc
LGI Homes Inc is engaged in the design, construction, and sale of new homes in markets. The company current product offerings include entry-level homes, including both detached homes and townhomes, and move-up homes sold, which are sold under LGI Homes brand, and luxury series homes, which are sold under the Terrata Homes brand. It offers a set number of floor plans in each community with features that include upgrades, such as granite countertops, appliances, and ceramic tile flooring.
Click Here to get the full Stock Score Report on LGI Homes Inc (LGIH) Stock.
