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 indicator 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 TANH Stock Today?
Tantech Holdings Ltd (TANH) stock is down -3.28% while the S&P 500 has risen 0.23% as of 10:18 AM on Monday, Nov 20. TANH is lower by -$0.09 from the previous closing price of $2.74 on volume of 22,613 shares. Over the past year the S&P 500 has gained 14.54% while TANH has risen 27.40%. TANH earned $3.00 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 0.88.
To see InvestorsObserver's Sentiment Score for Tantech Holdings Ltd click here.
More About Tantech Holdings Ltd
Tantech Holdings Ltd manufactures bamboo charcoal-based products. The company through its subsidiaries is engaged in the production and distribution of household products along with trading business which involves the export of charcoal products. It also manufactures electric double-layer capacitors carbon materials and low emission barbecue charcoal. Its product portfolio includes air purifiers and humidifiers, underfloor humidity control, pillows and mattresses, wardrobe deodorizers, mousepads, and wrist mats, refrigerator deodorant, and charcoal toilet cleaner disks. Its segments are Consumer products, Electric vehicles, and Trading.
Click Here to get the full Stock Report for Tantech Holdings Ltd stock.
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