Should You Buy Hexindai Inc - ADR (HX) Stock on Wednesday?

Wednesday, November 25, 2020 11:53 AM | InvestorsObserver Analysts

Overall market sentiment has been high on Hexindai Inc - ADR (HX) stock lately. HX receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bullish
Hexindai Inc - ADR has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on HX!

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.

Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.

InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.

Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With HX Stock Today?

Hexindai Inc - ADR (HX) stock is trading at $2.49 as of 11:47 AM on Wednesday, Nov 25, a rise of $0.16, or 6.9% from the previous closing price of $2.33. The stock has traded between $2.36 and $2.62 so far today. Volume today is light. So far 155,880 shares have traded compared to average volume of 631,781 shares.

To see the top 5 stocks in the Credit Services industry click here.

More About Hexindai Inc - ADR

Hexindai Inc is a consumer lending marketplace based in Beijing, China facilitating loans to meet the increasing consumption demand of the emerging middle class in China. The company provides borrowers with convenient and ready access to credit through its online marketplace. It offers borrowers products designed based on customer segmentation data and tailored to the specific needs of the emerging middle class in China by matching them with investors seeking various types of investment products with appropriate risk levels and risk-adjusted returns.

Click Here to get the full Stock Score Report on Hexindai Inc - ADR (HX) Stock.

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