Overall market sentiment has been high on New Frontier Health Corp (NFH) stock lately. NFH receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
New Frontier Health Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on NFH!
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 NFH Stock Today?
New Frontier Health Corp (NFH) stock is trading at $11.13 as of 1:37 PM on Friday, Jan 7, a drop of -$0.34, or -2.96% from the previous closing price of $11.47. The stock has traded between $10.78 and $11.45 so far today. Volume today is above average. So far 1,047,954 shares have traded compared to average volume of 791,801 shares.
More About New Frontier Health Corp
New Frontier Health Corp is a comprehensive private medical service platform. Through its subsidiary, it provides healthcare services throughout the life cycle in China. The firm's operating segments are Operating assets Tier 1, and Operating assets Tier 2 and other assets and Expansion assets. Tier 1 segment consists of the group's existing general hospitals and clinics located in tier 1 cities in China, such as Beijing and Shanghai whereas, tier 2 and other assets segment consists of the group's existing general hospitals and clinics located in tier 2 cities in China, such as Tianjin and Qingdao, and specialized healthcare facilities. The company generates a majority of its revenue from the Tier 1 segment.
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