Overall market sentiment has been high on Atlantica Sustainable Infrastructure PLC (AY) stock lately. AY receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
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.
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 AY Stock Today?
Atlantica Sustainable Infrastructure PLC (AY) stock is lower by -7.43% while the S&P 500 is higher by 0.98% as of 3:12 PM on Monday, Dec 28. AY is down -$3.03 from the previous closing price of $40.81 on volume of 1,799,870 shares. Over the past year the S&P 500 has gained 16.09% while AY is higher by 43.16%. AY earned $0.60 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 63.39.
More About Atlantica Sustainable Infrastructure PLC
Atlantica Sustainable Infrastructure PLC owns, manages, and acquires renewable energy, conventional power, electric transmission lines and water assets. It is focused on North America (the United States and Mexico), South America (Peru, Chile, Brazil, and Uruguay) and EMEA (Spain, Algeria and South Africa). The company's segments include North America, South America and Europe, Middle East and Africa. The renewable energy sector includes the company's activities related to the production electricity from solar power and wind plants. Atlantica derives most of its revenues from EMEA, followed by South America and North America.