Orion Energy Systems, Inc. (OESX) stock has gained 6.80% over the past week and gets a Bullish rating from InvestorsObserver's 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.
Recent trends are a good indator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With OESX Stock Today?
Orion Energy Systems, Inc. (OESX) stock is trading at $3.61 as of 11:13 AM on Thursday, Jul 2, a rise of $0.12, or 3.44% from the previous closing price of $3.49. The stock has traded between $3.45 and $3.66 so far today. Volume today is less active than usual. So far 291,225 shares have traded compared to average volume of 586,918 shares.
To screen for more stocks like Orion Energy Systems, Inc. click here.
More About Orion Energy Systems, Inc.
Orion Energy Systems Inc is a developer, manufacturer, and seller of lighting and energy management systems. Its activities are carried out through three reportable segments: U.S. Markets (USM), Engineered Systems (OES), and Orion Distribution Services (ODS). USM segment sells commercial lighting systems and energy management systems to the wholesale contractor markets. OES segment develops and sells lighting products and provides construction and engineering services for commercial lighting and energy management systems. ODS segment focuses on selling lighting products through manufacturer representative agencies and a network of broadline North American distributors. The company serves the energy service companies, electrical contractors, national accounts, and electrical distributors.
