Overall market sentiment has been high on Pyxis Tankers Inc (PXS) stock lately. PXS receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Pyxis Tankers Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PXS!
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 PXS Stock Today?
Pyxis Tankers Inc (PXS) stock has risen 3.43% while the S&P 500 is down 0% as of 9:44 AM on Friday, Nov 24. PXS is higher by $0.14 from the previous closing price of $4.08 on volume of 0 shares. Over the past year the S&P 500 has gained 13.14% while PXS is down -14.23%. PXS earned $1.67 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 2.53.
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More About Pyxis Tankers Inc
Pyxis Tankers Inc is an international maritime transportation company that focuses on the product tanker sector. It owns a fleet that comprises double-hull product tankers employed under a mix of short- and medium-term time charters and spot charters. The fleet owned by the company includes Pyxis Epsilon, Pyxis Theta, Pyxis Malou, Northsea Alpha, and Northsea Beta. Each of the vessels in the fleet is capable of transporting refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel, fuel oil, and other liquid bulk items, such as vegetable oils and organic chemicals.
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