Overall market sentiment has been down on Eversource Energy (ES) stock lately. ES receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
Eversource Energy has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on ES!
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With ES Stock Today?
Eversource Energy (ES) stock is down -3.81% while the S&P 500 is higher by 1.15% as of 12:04 PM on Friday, May 26. ES is lower by -$2.70 from the previous closing price of $70.86 on volume of 1,644,603 shares. Over the past year the S&P 500 has risen 5.54% while ES is lower by -26.03%. ES earned $4.17 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 16.41.
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More About Eversource Energy
Eversource Energy is a diversified holding company with subsidiaries that provide regulated electric, gas, and water distribution service in the Northeast U.S. The company's utilities serve more than 4 million customers after acquiring NStar's Massachusetts utilities in 2012, Aquarion in 2017, and Columbia Gas in 2020. Eversource also owns 50% of a partnership with European utility Orsted to develop 2 gigawatts of offshore wind projects by 2025. The company exited most of its unregulated businesses in 2006.
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