The market has been high on Enservco Corp (ENSV) stock recently. ENSV gets a Bullish score from InvestorsObserver's Stock 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 ENSV Stock Today?
Enservco Corp (ENSV) stock is lower by -12.04% while the S&P 500 is up 0.03% as of 3:15 PM on Thursday, Feb 11. ENSV has fallen -$0.36 from the previous closing price of $2.99 on volume of 1,663,487 shares. Over the past year the S&P 500 is higher by 16.48% while ENSV is up 25.84%. ENSV lost -$0.71 per share in the over the last 12 months.
More About Enservco Corp
Enservco Corp is a player in the oil and gas industry. It works in the conventional and unconventional oil and gas fields throughout the United States providing well enhancement and fluid logistics and management services to exploration and production companies operating in the U.S. onshore oil and gas industry. It functions through its subsidiaries namely; Heat Waves Hot Oil Service, Heat Waves Water Management, Adler Hot Oil Service, HE Services and Dillco Fluid Service. Its reportable business segments are Well Enhancement Services and Water Transfer Services.