Hexindai Inc - ADR (HX) stock is higher by 178.38% over the past week and gets a Bullish rating from InvestorsObserver's 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.
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 HX Stock Today?
Hexindai Inc - ADR (HX) stock has fallen -21.05% while the S&P 500 has gained 0.62% as of 2:48 PM on Friday, May 29. HX has fallen -$0.27 from the previous closing price of $1.30 on volume of 5,056,435 shares. Over the past year the S&P 500 is higher by 9.77% while HX has fallen -62.41%. HX lost -$0.65 per share in the over the last 12 months.
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More About Hexindai Inc - ADR
Hexindai Inc is a consumer lending marketplace based in Beijing, China facilitating loans to meet the increasing consumption demand of the emerging middle class in China. The company provides borrowers with convenient and ready access to credit through its online marketplace. It offers borrowers products designed based on customer segmentation data and tailored to the specific needs of the emerging middle class in China by matching them with investors seeking various types of investment products with appropriate risk levels and risk-adjusted returns.
