Is Puxin Ltd (NEW) a Stock to Watch After Losing -18.95% This Week?

Wednesday, April 27, 2022 01:53 PM | InvestorsObserver Analysts

Mentioned in this article

Is Puxin Ltd (NEW) a Stock to Watch After Losing -18.95% This Week?

Overall market sentiment has been down on Puxin Ltd (NEW) stock lately. NEW receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Puxin Ltd has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on NEW!

See Full NEW Report

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. 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 NEW Stock Today?

Puxin Ltd (NEW) stock is trading at $1.24 as of 1:27 PM on Wednesday, Apr 27, a drop of -$0.09, or -6.77% from the previous closing price of $1.33. The stock has traded between $1.24 and $1.39 so far today. Volume today is below average. So far 32,742 shares have traded compared to average volume of 440,022 shares.

More About Puxin Ltd

Puxin Ltd provides education services. The company's segments consist of K-12 tutoring services and Study abroad tutoring services. Its K-12 tutoring services provide result-oriented educational services in group class settings and through personalized tutoring sessions as well as study plan tailored to fit a student's aptitude, grade level, past academic performance, future academic goals, and other pertinent factors. Study abroad tutoring services are designed to help students prepare for admission tests and applications for high schools, universities and graduate programs primarily in English-speaking countries. It generates a majority of its revenue from the K-12 tutoring services segment. Click Here to get the full Stock Report for Puxin Ltd stock.