Overall market sentiment has been down on Lazard Ltd (LAZ) stock lately. LAZ receives a Bearish rating 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.
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 LAZ Stock Today?
Lazard Ltd (LAZ) stock has gained 3.21% while the S&P 500 is down -0.38% as of 12:09 PM on Friday, Jul 31. LAZ has gained $0.89 from the previous closing price of $27.70 on volume of 620,415 shares. Over the past year the S&P 500 has risen 8.51% while LAZ is down -26.14%. LAZ earned $2.22 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 12.92.
More About Lazard Ltd
Lazard has a storied history that can be traced back to 1848. The company's revenue is nearly equally split between financial advisory, such as acquisition and restructuring advisory, and asset management. The company's asset management business is primarily equities (over 80% of assets under management), has an international focus, and is geared toward institutional clients. By geography, the company earns approximately 60% of revenue in the Americas, 30% in EMEA, and 10% in Asia-Pacific. Lazard has offices in over 40 cities across more than 25 countries and over 2,900 employees.