Where Will Quanta Services Inc (PWR) Stock Go Next After It Is Lower By 0.39% in a Week?

Overall market sentiment has been high on Quanta Services Inc (PWR) stock lately. PWR receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Quanta Services Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PWR!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. 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 PWR Stock Today?

Quanta Services Inc (PWR) stock is lower by -0.67% while the S&P 500 has gained 0.06% as of 1:00 PM on Friday, Nov 24. PWR is down -$1.23 from the previous closing price of $183.81 on volume of 329,294 shares. Over the past year the S&P 500 has gained 13.21% while PWR has gained 24.88%. PWR earned $4.69 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 38.94.

More About Quanta Services Inc

Quanta Services is a leading provider of specialty contracting services, delivering comprehensive infrastructure solutions for the electric and gas utility, communications, pipeline, and energy industries in the United States, Canada, and Australia. Quanta reports its results under two reportable segments: electric power infrastructure solutions and underground utility and infrastructure solutions. In October 2021, the company completed the acquisition of Blattner, a provider of comprehensive engineering, procurement, and construction solutions to customers in the renewable energy industry. Click Here to get the full Stock Report for Quanta Services Inc stock.