Overall market sentiment has been high on Karooooo Ltd (KARO) stock lately. KARO receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Karooooo Ltd has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on KARO!
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.
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 KARO Stock Today?
Karooooo Ltd (KARO) stock is up 6.12% while the S&P 500 has fallen -0.57% as of 10:55 AM on Friday, Dec 2. KARO has risen $1.48 from the previous closing price of $24.20 on volume of 2,308 shares. Over the past year the S&P 500 has fallen -10.18% while KARO has fallen -21.28%. KARO earned $1.69 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 15.17.
More About Karooooo Ltd
Karooooo Ltd is a global provider of real-time mobility data analytics solutions for smart transportation. It offers a comprehensive, cloud-based smart mobility platform for connected vehicles and other assets. The company's software-as-a-service platform provides customers with differentiated insights and analytics to optimize business and workforce, increase efficiency and decrease costs, improve safety, monitor environmental impact, assist with regularity compliance and manage risk. The segments of the group are Cartrack; Carzuka; and Karooooo Logistics, of which key revenue is derived from the Cartrack segment.
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