The market has been down on Home Point Capital Inc (HMPT) stock recently. HMPT gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.
Home Point Capital Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on HMPT!
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 HMPT Stock Today?
Home Point Capital Inc (HMPT) stock is trading at $1.42 as of 1:24 PM on Tuesday, Dec 6, a decline of -$0.03, or -2.06% from the previous closing price of $1.45. The stock has traded between $1.42 and $1.50 so far today. Volume today is light. So far 4,308 shares have traded compared to average volume of 25,338 shares.
More About Home Point Capital Inc
Home Point Capital Inc is engaged in the residential mortgage business. The company's products and services include Conventional Mortgages, FHA Loans, VA Loans for Veterans, and USDA Loans. It operates in two separate reportable segments: Origination and Servicing. Nearly all of its revenue comes from its Origination segment, which originates and sells residential real estate mortgage loans in the United States through the consumer direct third-party originations and correspondent channels that offer a variety of loan programs.
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