Should You Buy Ensign Group Inc (ENSG) Stock on Monday?

Overall market sentiment has been high on Ensign Group Inc (ENSG) stock lately. ENSG receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Ensign Group Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ENSG!

See Full ENSG Report

What is Stock Sentiment?

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. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With ENSG Stock Today?

Ensign Group Inc (ENSG) stock is lower by -5.07% while the S&P 500 is up 0.47% as of 1:25 PM on Monday, Apr 4. ENSG is down -$4.78 from the previous closing price of $94.23 on volume of 367,472 shares. Over the past year the S&P 500 is higher by 12.00% while ENSG is down -5.07%. ENSG earned $3.42 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 26.16. To screen for more stocks like Ensign Group Inc click here.

More About Ensign Group Inc

Ensign Group provides post-acute healthcare services in the United States. Its regional subsidiaries oversee skilled nursing, assisted living, home health and hospice, mobile ancillary, and urgent care operations. Medicare and Medicaid programs contribute a majority of revenue received for Ensign's services. The firm operates through two segments, transitional and skilled services, and as of 2020, a real estate segment that is composed of properties owned by Ensign and leased to nursing and senior living operations. The services segment includes skilled nursing operations and assisted and independent living operations. The majority of revenue is generated by the services segment. Ensign also operates several urgent care clinics that provide care for minor injuries and illnesses. Click Here to get the full Stock Report for Ensign Group Inc stock.