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.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With GEOS Stock Today?
Geospace Technologies Corp (GEOS) stock is up 2.44% while the S&P 500 is lower by -0.26% as of 11:04 AM on Monday, Sep 25. GEOS is higher by $0.33 from the previous closing price of $13.52 on volume of 81,404 shares. Over the past year the S&P 500 is higher by 17.89% while GEOS is higher by 221.35%. GEOS lost -$0.03 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for Geospace Technologies Corp click here.
More About Geospace Technologies Corp
Geospace Technologies Corp is engaged in designing and manufacturing of seismic instruments and non-seismic equipment used in the oil and gas industry. The company has three different segments: oil and gas markets, adjacent markets, and emerging markets. The oil and gas markets segment, which accounts for the majority of the company's revenue, includes traditional exploration products, wireless exploration products, and reservoir characterization products and services. The adjacent markets business is closely tied to the oil and gas markets and includes imaging products and industrial products. The company operates globally across Asia, Europe, and North America, with more than half of revenue generated within the United States.
Click Here to get the full Stock Report for Geospace Technologies Corp stock.
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