Essent Group Ltd (ESNT) Stock: What Does the Chart Say Friday?

Essent Group Ltd (ESNT) stock is lower by 3.04% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator.

Essent Group Ltd has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on ESNT!

See Full ESNT Report

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. Recent trends are a good indicator 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 ESNT Stock Today?

Essent Group Ltd (ESNT) stock is trading at $40.87 as of 12:54 PM on Friday, May 13, a rise of $0.52, or 1.29% from the previous closing price of $40.35. The stock has traded between $40.58 and $41.16 so far today. Volume today is light. So far 343,184 shares have traded compared to average volume of 662,514 shares. To see InvestorsObserver's Sentiment Score for Essent Group Ltd click here.

More About Essent Group Ltd

Essent Group Ltd is a private mortgage insurance company in the United States. Essent provides credit protection to lenders and mortgage investors by covering a portion of the unpaid principal balance of a mortgage and certain related expenses in the event of a default. By providing capital to mitigate mortgage credit risk, the company allows lenders to make additional mortgage financing available to prospective homeowners. Essent writes mortgage guaranty coverage in all 50 states and the District of Columbia. Click Here to get the full Stock Report for Essent Group Ltd stock.