The market has been high on Senmiao Technology Ltd (AIHS) stock recently. AIHS gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
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 AIHS Stock Today?
Senmiao Technology Ltd (AIHS) stock has gained 2.48% while the S&P 500 is unchanged 0% as of 9:58 AM on Thursday, Jul 23. AIHS has gained $0.02 from the previous closing price of $0.96 on volume of 891,988 shares. Over the past year the S&P 500 is up 9.00% while AIHS has fallen -20.97%. AIHS lost -$0.11 per share in the over the last 12 months.
To see the top 5 stocks in the Credit Services industry click here.
More About Senmiao Technology Ltd
Senmiao Technology Ltd is engaged in automobile transaction and related services comprised of facilitation of automobile transaction and financing where the company connects the prospective ride-hailing drivers to financial institutions to buy, or get financing on the purchase of, cars to be used to provide ride-hailing services; automobile sales where it procures new cars from dealerships and sell them to customers in the automobile financing facilitation business; automobile operating lease where it provides car rental services to individual customers to meet their personal needs with lease term no more than twelve months; and automobile financing where the company provide customers with auto finance solutions through financing leases.
