Is Masimo Corporation (MASI) Stock About to Get Hot Thursday?

The market has been high on Masimo Corporation (MASI) stock recently. MASI gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Masimo Corporation has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MASI!

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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. 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 MASI Stock Today?

Masimo Corporation (MASI) stock has gained 3.52% while the S&P 500 is lower by -0.69% as of 2:26 PM on Thursday, Sep 15. MASI has gained $5.31 from the previous closing price of $150.67 on volume of 447,299 shares. Over the past year the S&P 500 is lower by -11.80% while MASI is lower by -42.57%. MASI earned $3.32 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 46.93.

More About Masimo Corporation

Masimo is an Irvine, California-based medical device business that focuses on noninvasive patient monitoring. It began by developing superior signal processing algorithms to measure blood oxygenation levels through pulse oximetry and has expanded this expertise into a wide range of measurements and applications. The company generates revenue globally, with the United States the largest market (67% of 2020 sales), followed by Europe, the Middle East, and Africa (21%), Asia and Australia (9%), and North and South America excluding the U.S. (3%). Click Here to get the full Stock Report for Masimo Corporation stock.