The market has been high on Aspen Technology, Inc. (AZPN) stock recently. AZPN gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
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.
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 AZPN Stock Today?
Aspen Technology, Inc. (AZPN) stock has fallen -1.67% while the S&P 500 is higher by 1.02% as of 12:13 PM on Thursday, May 13. AZPN has fallen -$2.38 from the previous closing price of $142.41 on volume of 424,660 shares. Over the past year the S&P 500 is higher by 43.01% while AZPN is higher by 42.02%. AZPN earned $4.77 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 29.37.
More About Aspen Technology, Inc.
Aspen Technology is a leading global supplier of software solutions that optimize asset design, operations, and maintenance in complex industrial environments. The company's AspenOne software platform helps improve process-oriented plant efficiency, and thereby lower capital intensity, increase working capital efficiency, and improve margins. Aspen was founded in 1981 and serves more than 2,300 customers in 32 countries.