The market has been high on Big 5 Sporting Goods Corporation (BGFV) stock recently. BGFV 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.
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 BGFV Stock Today?
Big 5 Sporting Goods Corporation (BGFV) stock is down -3.92% while the S&P 500 is up 0.21% as of 10:24 AM on Friday, May 28. BGFV has fallen -$1.24 from the previous closing price of $31.50 on volume of 217,719 shares. Over the past year the S&P 500 is higher by 38.65% while BGFV is up 1460.31%. BGFV earned $3.74 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 8.1.
More About Big 5 Sporting Goods Corporation
Big 5 Sporting Goods Corp is a specialty retailer company that is principally engaged in the sale of sporting goods in the western United States. Its product mix includes athletic shoes, apparel, and accessories, as well as a broad selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, winter and summer recreation and roller sports. The company operates solely as a sporting goods retailer, which includes both retail stores and an e-commerce platform. The company operates a distribution center located in Riverside, California, that services all of its stores and e-commerce platform.