The market has been down on EverQuote Inc (EVER) stock recently. EVER gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.
EverQuote Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on EVER!
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 EVER Stock Today?
EverQuote Inc (EVER) stock is trading at $7.08 as of 1:50 PM on Wednesday, Sep 28, an increase of $0.51, or 7.76% from the previous closing price of $6.57. The stock has traded between $6.45 and $7.14 so far today. Volume today is less active than usual. So far 60,438 shares have traded compared to average volume of 146,778 shares.
More About EverQuote Inc
EverQuote Inc is engaged in the business activity of offering an online marketplace for insurance shopping. The online marketplace offers consumers to find the relevant insurance quotes based for car insurance, home insurance, and life insurance. The platform of the company is driven by data science. The firm's data and technology platform match and connects consumers seeking to purchase insurance with relevant options from its broad direct network of insurance providers. It derives a majority of revenue from Direct channels.
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