The market has been high on Axcelis Technologies Inc (ACLS) stock recently. ACLS gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Recent trends are a good indator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With ACLS Stock Today?
Axcelis Technologies Inc (ACLS) stock has fallen -15.41% while the S&P 500 is up 0.36% as of 9:57 AM on Wednesday, Aug 5. ACLS is down -$4.69 from the previous closing price of $30.44 on volume of 166,027 shares. Over the past year the S&P 500 is higher by 16.23% while ACLS is up 70.64%. ACLS earned $1.03 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 24.12.
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More About Axcelis Technologies Inc
Axcelis Technologies Inc produces ion implantation and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe, and Asia. It also provides extensive aftermarket service and support.
