Kaixin Auto Holdings (KXIN) stock has risen 44.05% over the past week and gets a Bearish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
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 KXIN Stock Today?
Kaixin Auto Holdings (KXIN) stock is trading at $4.48 as of 9:53 AM on Friday, Nov 20, a gain of $1.47, or 48.84% from the previous closing price of $3.01. The stock has traded between $3.60 and $4.54 so far today. Volume today is below average. So far 8,043,451 shares have traded compared to average volume of 15,860,545 shares.
To see InvestorsObserver's Sentiment Score for Kaixin Auto Holdings click here.
More About Kaixin Auto Holdings
Kaixin Auto Holdings is a provides of own and used car dealership. It focuses on brands such as Audi, BMW, Mercedes-Benz, Land Rover, and Porsche. The company primarily generates revenues from sales of used cars, as well as fees obtained from a role as a channel partner for third-party auto financing and other value-added service providers. Its operating segment includes Automobile sales and others. The company derives maximum revenue from Automobile sales segment. Geographically, it derives revenue from China.
Click Here to get the full Stock Score Report on Kaixin Auto Holdings (KXIN) Stock.
