The market has been high on Euronav NV (EURN) stock recently. EURN gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Recent trends are a good indator 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 EURN Stock Today?
Euronav NV (EURN) stock has gained 1.9% while the S&P 500 is unchanged 0% as of 9:37 AM on Tuesday, Jul 28. EURN is higher by $0.18 from the previous closing price of $9.48 on volume of 6,492 shares. Over the past year the S&P 500 has gained 7.23% while EURN is higher by 11.94%. EURN earned $0.01 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 962.
To see InvestorsObserver's Sentiment Score for Euronav NV click here.
More About Euronav NV
Euronav owns and operates a fleet of vessels for international maritime shipping and storage of crude oil and petroleum products. The company organises itself into two segments: tankers and floating storage and offloading activities, or FSO. The tankers segment, which generates the majority of revenue, operates crude oil tankers on international markets. The FSO segment conducts floating production, floating storage, and offloading operations for crude oil and petroleum products. The company is domiciled in Belgium, but generates revenue globally.
