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 FLME Stock Today?
Flame Acquisition Corp (FLME) stock is up 0.55% while the S&P 500 has fallen -1.48% as of 2:06 PM on Wednesday, Nov 9. FLME is up $0.05 from the previous closing price of $9.97 on volume of 3,854,003 shares. Over the past year the S&P 500 is lower by -19.79% while FLME is up 2.56%. FLME earned $0.52 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19.22.
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