Overall market sentiment has been high on Euroseas Ltd. (ESEA) stock lately. ESEA receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
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.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With ESEA Stock Today?
Euroseas Ltd. (ESEA) stock is lower by -18.42% while the S&P 500 is higher by 0.39% as of 3:26 PM on Friday, Nov 20. ESEA is down -$0.73 from the previous closing price of $3.99 on volume of 426,156 shares. Over the past year the S&P 500 has risen 15.23% while ESEA is down -14.88%. ESEA earned $0.24 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 13.44.
More About Euroseas Ltd.
Euroseas Ltd is a shipping company. Along with its subsidiaries it primarily owns and operates a fleet consisting of dry-bulk, container, and multipurpose dry cargo vessels that are employed on spot and time charters. The company's fleet consists of containerships that transport container boxes providing scheduled service between ports.