The market has been high on Sachem Capital Corp (SACH) stock recently. SACH gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
Sachem Capital Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SACH!
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With SACH Stock Today?
Sachem Capital Corp (SACH) stock is down -1.59% while the S&P 500 is higher by 0.69% as of 1:39 PM on Tuesday, Oct 19. SACH is lower by -$0.10 from the previous closing price of $6.27 on volume of 570,142 shares. Over the past year the S&P 500 is higher by 31.82% while SACH is higher by 46.90%. SACH earned $0.40 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 15.37.
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More About Sachem Capital Corp
Sachem Capital Corp is a United States-based real estate investment trust. The company specializes in originating, underwriting, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real property located in Connecticut. Its primary objective is to grow the loan portfolio while protecting and preserving capital in a manner that provides for attractive risk-adjusted returns to shareholders over the long term through dividends.
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