Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With ELVT Stock Today?
Elevate Credit Inc (ELVT) stock is trading at $2.37 as of 1:12 PM on Thursday, Jun 30, a decline of -$0.01, or -0.42% from the previous closing price of $2.38. The stock has traded between $2.18 and $2.40 so far today. Volume today is less active than usual. So far 45,766 shares have traded compared to average volume of 115,796 shares.
To screen for more stocks like Elevate Credit Inc click here.
More About Elevate Credit Inc
Elevate Credit Inc provides online credit solutions. The company provides credit to non-prime consumers, many of whom face reduced credit options and increased financial pressure due to macroeconomic changes over the past few decades. It has one reportable segment, which provides online financial services for subprime credit consumers, which is composed of the company's operations in the United States.
Click Here to get the full Stock Report for Elevate Credit Inc stock.
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