The market has been high on Navios Maritime Acquisition Corporation (NNA) stock recently. NNA gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
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 NNA Stock Today?
Navios Maritime Acquisition Corporation (NNA) stock has fallen -2.05% while the S&P 500 is up 1.13% as of 10:52 AM on Wednesday, Jan 20. NNA is lower by -$0.08 from the previous closing price of $3.90 on volume of 51,773 shares. Over the past year the S&P 500 is up 15.69% while NNA is lower by -47.74%. NNA earned $2.62 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 1.46.
More About Navios Maritime Acquisition Corporation
Navios Maritime Acquisition Corporation owns and operates tanker vessels aimed at the transportation of petroleum products and bulk liquid chemicals. The company owns a fleet of modern crude oil, refined petroleum product and chemical tankers providing world-wide marine transportation services. It charters its vessels to international oil companies, refiners, and large vessel operators under long, medium and short-term charters. Navios Maritime generates the majority of its revenue by rendering its services in Asia, Europe, and the United States.