Overall market sentiment has been high on Timkensteel Corp (TMST) stock lately. TMST receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Timkensteel Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TMST!
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.
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 TMST Stock Today?
Timkensteel Corp (TMST) stock has fallen -2.63% while the S&P 500 is higher by 0.32% as of 1:01 PM on Thursday, Jan 6. TMST is lower by -$0.47 from the previous closing price of $17.85 on volume of 473,548 shares. Over the past year the S&P 500 is up 26.54% while TMST is higher by 236.17%. TMST earned $1.84 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 9.43.
More About Timkensteel Corp
TimkenSteel Corp is an America-based manufacturer of alloy steel, as well as carbon and micro-alloy steel. TimkenSteel's portfolio includes special bar quality steel, seamless mechanical tubes, and value-add solutions, such as precision steel components. The company also supplies machining and thermal treatment services, and manages raw material recycling programs that work as feeder system for its melt operations. The company's products and services are used in the following sectors: oil and gas; automotive; industrial equipment; mining; construction; rail; aerospace and defense; heavy truck; agriculture; and power generation. Geographically, the company primarily serves customers in the United States.
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