Overall market sentiment has been high on Kaixin Auto Holdings (KXIN) stock lately. KXIN receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Kaixin Auto Holdings has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on KXIN!
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 KXIN Stock Today?
Kaixin Auto Holdings (KXIN) stock has gained 1.09% while the S&P 500 has fallen -0.34% as of 10:18 AM on Monday, May 16. KXIN is higher by $0.01 from the previous closing price of $1.01 on volume of 28,843 shares. Over the past year the S&P 500 is lower by -3.68% while KXIN has fallen -55.65%. KXIN lost -$1.98 per share in the over the last 12 months.
More About Kaixin Auto Holdings
Kaixin Auto Holdings is a provides of own and used car dealership. It focuses on brands such as Audi, BMW, Mercedes-Benz, Land Rover, and Porsche. The company primarily generates revenues from sales of used cars, as well as fees obtained from a role as a channel partner for third-party auto financing and other value-added service providers. Its operating segment includes Automobile sales and others. The company derives maximum revenue from Automobile sales segment. Geographically, it derives revenue from China.
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