KT Corp (KT) stock is up 5.99% over the past week and gets a Bullish rating from InvestorsObserver's 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 KT Stock Today?
KT Corp (KT) stock is up 1.49% while the S&P 500 is lower by -1.72% as of 12:59 PM on Wednesday, May 12. KT is up $0.20 from the previous closing price of $13.43 on volume of 665,597 shares. Over the past year the S&P 500 is up 39.26% while KT is up 42.87%. KT earned $1.20 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 11.38.
More About KT Corp
KT is South Korea's largest fixed-line telecom operator, with around 15 million customers. It is the largest broadband firm in the country, with 9.1 million customers, and the second- largest wireless operator with 22.3 million subscribers; the company also has 8.7 million pay-television customers. Additionally, it has about 30 nontelecom businesses. These nontelecom businesses, IPTV and wireless data are the focus of its growth strategy.