Overall market sentiment has been high on Sendas Distribuidora SA (ASAI) stock lately. ASAI receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Sendas Distribuidora SA has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ASAI!
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 ASAI Stock Today?
Sendas Distribuidora SA (ASAI) stock is higher by 1.11% while the S&P 500 has fallen -0.62% as of 2:25 PM on Thursday, Nov 9. ASAI has gained $0.14 from the previous closing price of $12.56 on volume of 689,825 shares. Over the past year the S&P 500 has risen 13.78% while ASAI has fallen -34.57%. ASAI earned $0.62 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 20.58.
To see InvestorsObserver's Sentiment Score for Sendas Distribuidora SA click here.
More About Sendas Distribuidora SA
Sendas Distribuidora SA is involved in the consumer goods business. Its cash and carry operations involve sales of more than 8,000 items of grocery, food, perishable, beverage, wrapping, hygiene, and cleaning products, among others. Its customers include prepared food retailers (including restaurants, pizzerias, and snack bars), end-users (including schools, small businesses, religious institutions, hospitals, and hotels), conventional retailers (such as grocery stores and neighborhood supermarkets), and individuals. Its stores are located throughout 23 Brazilian states.
Click Here to get the full Stock Report for Sendas Distribuidora SA stock.
Share this article:
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You're all set to receive the Morning Update newsletter
