The market has been high on Noah Holdings Limited (NOAH) stock recently. NOAH gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
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. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What’s Happening With NOAH Stock Today?
Noah Holdings Limited (NOAH) stock is up 0.38% while the S&P 500 is lower by -1.92% as of 11:20 AM on Friday, Aug 26. NOAH has gained $0.07 from the previous closing price of $18.65 on volume of 107,771 shares. Over the past year the S&P 500 has fallen -8.40% while NOAH is lower by -49.57%. NOAH earned $2.61 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 7.15.
More About Noah Holdings Limited
Noah Holdings Ltd is a wealth management service provider. It focuses on global wealth investment and asset allocation services for high-net-worth individuals and enterprises in China. The company operates through three segments: wealth management, asset management, and other business. Its product offerings consist primarily of over-the-counter wealth management and OTC asset management products and mutual fund products. The portfolio of the group mostly includes fixed income products, private equity funds and securities investment funds. Most of the firm revenue is generated through one-time commissions and recurring service fees paid by third-party product providers. Click Here to get the full Stock Report for Noah Holdings Limited stock.
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