The market has been down on KLX Energy Services Holdings Inc (KLXE) stock recently. KLXE gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
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 KLXE Stock Today?
KLX Energy Services Holdings Inc (KLXE) stock has fallen -32.85% while the S&P 500 has risen 1.04% as of 1:40 PM on Thursday, Apr 15. KLXE is down -$4.75 from the previous closing price of $14.46 on volume of 844,567 shares. Over the past year the S&P 500 is higher by 46.44% while KLXE has risen 120.18%. KLXE lost -$66.67 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for KLX Energy Services Holdings Inc click here.
More About KLX Energy Services Holdings Inc
KLX Energy Services Holdings Inc is a provider of completion, intervention and production services and products to the onshore oil and gas producing regions of the United States. It offers technical services and related tools and equipment that provide solutions for customers throughout the life cycle of the well. It serves the companies engaged in the exploration and development of North American onshore conventional and unconventional oil and natural gas reserves. Its products and services offerings include surface facilities & equipment, pressure control services, wireline services, fishing services, and engineered products.
Click Here to get the full Stock Score Report on KLX Energy Services Holdings Inc (KLXE) Stock.
