Overall market sentiment has been down on Global Eagle Entertainment Inc (ENT) stock lately. ENT receives a Bearish rating 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.
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 ENT Stock Today?
Global Eagle Entertainment Inc (ENT) stock is lower by -7.43% while the S&P 500 is flat 0% as of 9:57 AM on Monday, Jul 27. ENT is lower by -$0.24 from the previous closing price of $3.23 on volume of 371,721 shares. Over the past year the S&P 500 has risen 6.44% while ENT is lower by -83.10%. ENT lost -$53.03 per share in the over the last 12 months.
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More About Global Eagle Entertainment Inc
Global Eagle Entertainment Inc provides content, connectivity, and digital media solutions for the travel industry worldwide. It operates in two segments, Media and Content, and Connectivity. The Media and Content buys, produces, manages, distributes, and provides post-production services and wholly-owned and licensed media content, video and music programming, advertising, applications, and video games for and to the airline, maritime, and other away from home non-theatrical markets. Its Connectivity segment provides satellite-based connectivity services to enterprise and government customers in the aviation, maritime, and land vertical markets. The company derives maximum revenue from Connectivity segment and geographically from Asia and Middle East.
