Hexcel Corporation (HXL) stock is up 13.15% over the past week and gets a Bullish rating from InvestorsObserver's 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.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With HXL Stock Today?
Hexcel Corporation (HXL) stock has fallen -1.1% while the S&P 500 has gained 0.62% as of 11:28 AM on Friday, May 29. HXL is lower by -$0.39 from the previous closing price of $35.59 on volume of 223,755 shares. Over the past year the S&P 500 is up 9.77% while HXL is lower by -51.89%. HXL earned $3.24 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 10.86.
To screen for more stocks like Hexcel Corporation click here.
More About Hexcel Corporation
Hexcel Corp develops and manufactures composites used in aerospace, defense, and other industrial markets. The company operates under two segments: Composite Materials and Engineered Products. It offers a wide range of adhesives, carbon fibers, and other structured materials to use in commercial and military aircraft, wind turbines, vehicles, and other industrial applications. The company has sales offices in different regions of the world to help distribute its products globally. Approximately half of its revenue comes from the United States, with the remainder split among various regions. Hexcel either markets directly to customers or uses independent distributors and manufacturer representatives.
