Overall market sentiment has been high on Weidai Ltd (WEI) stock lately. WEI receives a Bullish rating from InvestorsObserver's Stock 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.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With WEI Stock Today?
Weidai Ltd (WEI) stock is lower by -6.16% while the S&P 500 is up 0.36% as of 11:31 AM on Wednesday, Aug 26. WEI is down -$0.08 from the previous closing price of $1.30 on volume of 37,992 shares. Over the past year the S&P 500 is higher by 14.58% while WEI is down -85.39%. WEI earned $0.52 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 2.34.
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More About Weidai Ltd
Weidai Ltd is engaged in the online finance marketplace business in the People's Republic of China. The company's platform connects borrowers, the majority of which are small and micro enterprise owners, with both online investors and institutional funding partners. It generates revenue from the service fees charged to borrowers for facilitation and management of loans, and also charge fees to online investors for facilitating their investments via a platform, and the transfer of their investments on its secondary loan market.
