Where Will AMREP Corporation (AXR) Stock Go Next After It Is Down 8.31% in a Week?

Overall market sentiment has been down on AMREP Corporation (AXR) stock lately. AXR receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

AMREP Corporation has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on AXR!

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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. 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 AXR Stock Today?

AMREP Corporation (AXR) stock has risen 4.92% while the S&P 500 has fallen -1.59% as of 1:06 PM on Wednesday, Mar 15. AXR is higher by $0.58 from the previous closing price of $11.78 on volume of 3,338 shares. Over the past year the S&P 500 is down -7.58% while AXR is higher by 18.28%. AXR earned $2.67 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 4.62. To screen for more stocks like AMREP Corporation click here.

More About AMREP Corporation

Amrep Corp through its subsidiaries is engaged in the Real estate business. Its activities include land sales and lease activities, which involve the obtaining of approvals and the sale of both developed and undeveloped lots to homebuilders, commercial users, and others, as well as investments in commercial and investment properties. Its operating segments include Land development and Homebuilding. The firm generates a majority of revenue from the Land development segment. Geographically, all the activities are carried out throughout the United States. Click Here to get the full Stock Report for AMREP Corporation stock.