Senmiao Technology Ltd (AIHS) stock is up 27.78% 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.
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 AIHS Stock Today?
Senmiao Technology Ltd (AIHS) stock has fallen -6.13% while the S&P 500 is higher by 0.57% as of 3:34 PM on Tuesday, Nov 24. AIHS is lower by -$0.09 from the previous closing price of $1.47 on volume of 6,051,897 shares. Over the past year the S&P 500 is up 14.17% while AIHS is higher by 109.09%. AIHS lost -$0.35 per share in the over the last 12 months.
More About Senmiao Technology Ltd
Senmiao Technology Ltd is engaged in automobile transaction and related services comprised of facilitation of automobile transaction and financing where the company connects the prospective ride-hailing drivers to financial institutions to buy, or get financing on the purchase of, cars to be used to provide ride-hailing services; automobile sales where it procures new cars from dealerships and sell them to customers in the automobile financing facilitation business; automobile operating lease where it provides car rental services to individual customers to meet their personal needs with lease term no more than twelve months; and automobile financing where the company provide customers with auto finance solutions through financing leases.