Overall market sentiment has been neutral on Steelcase Inc (SCS) stock lately. SCS receives a Neutral rating from InvestorsObserver Stock Sentiment Indicator.
Steelcase Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on SCS!
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.
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 SCS Stock Today?
Steelcase Inc (SCS) stock has gained 2.21% while the S&P 500 is lower by -0.91% as of 3:56 PM on Tuesday, May 23. SCS is higher by $0.16 from the previous closing price of $7.02 on volume of 1,947,006 shares. Over the past year the S&P 500 is up 4.54% while SCS is lower by -38.84%. SCS earned $0.30 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 23.89.
To see InvestorsObserver's Sentiment Score for Steelcase Inc click here.
More About Steelcase Inc
Steelcase Inc is a furniture company primarily based in the United States and has operations in Europe, the Middle East, and Africa. Steelcase markets its products primarily through a network of independent and company-owned dealers. The company operates through the Americas segment, the EMEA segment and the Other category. The Americas segment offers architecture, furniture and technology products is marketed to corporate, government, healthcare, education and retail customers, EMEA segment provides furniture systems, storage and seating solutions.
Click Here to get the full Stock Report for Steelcase Inc stock.
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