Overall market sentiment has been high on Raven Industries, Inc. (RAVN) stock lately. RAVN receives a Bullish rating from InvestorsObserver's Stock 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 RAVN Stock Today?
Raven Industries, Inc. (RAVN) stock is up 3.58% while the S&P 500 is down -0.5% as of 10:50 AM on Thursday, Mar 18. RAVN is up $1.51 from the previous closing price of $42.16 on volume of 329,236 shares. Over the past year the S&P 500 has risen 56.34% while RAVN is up 100.32%. RAVN earned $0.61 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 72.07.
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More About Raven Industries, Inc.
Raven Industries Inc is a diversified technology company providing products to customers within the industrial, agricultural, energy, construction, and defense markets. The company has three reportable segments namely Applied Technology, Engineered Films Division, and Aerostar Division. Applied Technology sells its precision agriculture control products to both original equipment manufacturers and through aftermarket distribution partners. Its Engineered Films produces high-performance plastic films and sheeting for geomembrane, agricultural, construction, and industrial applications, and Aerostar serves the aerospace/defense, radar, and lighter-than-air markets. It generates a majority of its revenue from the Engineered Films segment.
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