Overall market sentiment has been high on A-Mark Precious Metals Inc (AMRK) stock lately. AMRK receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
A-Mark Precious Metals Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on AMRK!
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 AMRK Stock Today?
A-Mark Precious Metals Inc (AMRK) stock has gained 13.6% while the S&P 500 is lower by -0.26% as of 11:05 AM on Friday, Sep 10. AMRK is up $7.08 from the previous closing price of $52.04 on volume of 141,785 shares. Over the past year the S&P 500 is up 31.86% while AMRK is up 130.40%. AMRK earned $17.79 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 3.32.
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More About A-Mark Precious Metals Inc
A-Mark Precious Metals Inc is a precious metal trading company. It is principally engaged in the wholesale of gold, silver, platinum and palladium bullion and related products in the form of bars, wafers, coins, and grains. The company's operating segment includes Wholesale Trading and Ancillary Services; Secured Lending and Direct Sales. It generates maximum revenue from the Wholesale Trading and Ancillary Services segment. The Wholesale Trading and Ancillary Services segment comprises of a business unit such as Industrial, Coin and Bar, Trading and Finance, Storage, Logistics, and Mint. Geographically, it derives a majority of revenue from the United States.
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