How Will the Market React to Essent Group Ltd (ESNT) Stock Getting a Bullish Rating

The market has been high on Essent Group Ltd (ESNT) stock recently. ESNT gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

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

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With ESNT Stock Today?

Essent Group Ltd (ESNT) stock has risen 1.74% while the S&P 500 is down -0.03% as of 11:39 AM on Friday, Oct 8. ESNT is up $0.79 from the previous closing price of $45.41 on volume of 106,182 shares. Over the past year the S&P 500 has risen 28.62% while ESNT is up 9.14%. ESNT earned $4.84 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 9.54. 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.