Is it Time to Dump Enservco Corp (ENSV) Stock After it Is Down 4.85% in a Week?

The market has been neutral on Enservco Corp (ENSV) stock recently. ENSV gets a Neutral score from InvestorsObserver Stock Sentiment Indicator.

Enservco Corp has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on ENSV!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. 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 ENSV Stock Today?

Enservco Corp (ENSV) stock is trading at $1.57 as of 11:01 AM on Thursday, Aug 18, a gain of $0.12, or 8.28% from the previous closing price of $1.45. The stock has traded between $1.42 and $1.64 so far today. Volume today is elevated. So far 542,609 shares have traded compared to average volume of 160,714 shares.

More About Enservco Corp

Enservco Corp is a player in the oil and gas industry. It works in the conventional and unconventional oil and gas fields throughout the United States providing well enhancement and fluid logistics and management services to exploration and production companies operating in the U.S. onshore oil and gas industry. It functions through its subsidiaries namely; Heat Waves Hot Oil Service, Heat Waves Water Management, Adler Hot Oil Service, HE Services and Dillco Fluid Service. Its reportable business segments are Well Enhancement Services and Water Transfer Services. Click Here to get the full Stock Report for Enservco Corp stock.