Should You Buy South Jersey Industries Inc (SJI) Stock on Monday?

Monday, October 18, 2021 01:19 PM | InvestorsObserver Analysts

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Should You Buy South Jersey Industries Inc (SJI) Stock on Monday?

The market has been down on South Jersey Industries Inc (SJI) stock recently. SJI gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

South Jersey Industries Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on SJI!

See Full SJI Report

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 SJI Stock Today?

South Jersey Industries Inc (SJI) stock has fallen -0.63% while the S&P 500 has risen 0.18% as of 1:15 PM on Monday, Oct 18. SJI is down -$0.14 from the previous closing price of $22.05 on volume of 442,605 shares. Over the past year the S&P 500 is higher by 30.72% while SJI has risen 11.79%. SJI earned $0.97 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 22.58. To see InvestorsObserver's Sentiment Score for South Jersey Industries Inc click here.

More About South Jersey Industries Inc

South Jersey Industries Inc is a New Jersey holding company that acquires and develops utility companies. Through its many subsidiaries, SJI is primarily involved in transmitting, distributing, and selling natural gas and electricity in the mid-Atlantic U.S. The company segments its operations into gas utility operations and energy group businesses. The majority of SJI's total revenue comes from its gas utility operations, which encompasses the company's principal subsidiary: South Jersey Gas. SJG purchases, transmit, and sells natural gas primarily for residential consumers in southern New Jersey. The energy group also represents a significant income stream through its wholesale energy and retail electric services. Click Here to get the full Stock Report for South Jersey Industries Inc stock.