Is Navios Maritime Acquisition Corporation (NNA) Stock About to Get Hot Thursday?

Thursday, October 14, 2021 01:24 PM | InvestorsObserver Analysts

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Is Navios Maritime Acquisition Corporation (NNA) Stock About to Get Hot Thursday?

Overall market sentiment has been down on Navios Maritime Acquisition Corporation (NNA) stock lately. NNA receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Navios Maritime Acquisition Corporation has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on NNA!

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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. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With NNA Stock Today?

Navios Maritime Acquisition Corporation (NNA) stock is lower by -2.45% while the S&P 500 is up 1.53% as of 1:14 PM on Thursday, Oct 14. NNA is lower by -$0.09 from the previous closing price of $3.68 on volume of 268,739 shares. Over the past year the S&P 500 has gained 26.16% while NNA is lower by -17.47%. NNA lost -$0.59 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for Navios Maritime Acquisition Corporation click here.

More About Navios Maritime Acquisition Corporation

Navios Maritime Acquisition Corporation owns and operates tanker vessels aimed at the transportation of petroleum products and bulk liquid chemicals. The company owns a fleet of modern crude oil, refined petroleum product and chemical tankers providing world-wide marine transportation services. It charters its vessels to international oil companies, refiners, and large vessel operators under long, medium and short-term charters. Navios Maritime generates the majority of its revenue by rendering its services in Asia, Europe, and the United States. Click Here to get the full Stock Report for Navios Maritime Acquisition Corporation stock.