Overall market sentiment has been down on MingZhu Logistics Holdings Ltd (YGMZ) stock lately. YGMZ receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
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.
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 YGMZ Stock Today?
MingZhu Logistics Holdings Ltd (YGMZ) stock has fallen -36.42% while the S&P 500 is up 1.68% as of 1:03 PM on Tuesday, Feb 2. YGMZ has fallen -$8.45 from the previous closing price of $23.20 on volume of 2,147,497 shares. Over the past year the S&P 500 has risen 11.45% while YGMZ has fallen -98.77%. YGMZ earned $0.13 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 111.78.
To see InvestorsObserver's Sentiment Score for MingZhu Logistics Holdings Ltd click here.
More About MingZhu Logistics Holdings Ltd
MingZhu Logistics Holdings Ltd provides transportation and logistics services. The firm offers 3A-grade trucking services in China. It operates a self-owned truckload fleet with 132 tractors and 90 trailers. The firm's transportation services are operated out of two terminals: Guangdong region, and Xinjiang region. The company's customers primarily include sizeable logistics companies, freight forwarders, and warehouse operators. The firm derives its key revenue through the trucking service business.
Click Here to get the full Stock Score Report on MingZhu Logistics Holdings Ltd (YGMZ) Stock.
