What is the market opinion on the price and volume trends for Navios Maritime Acquisition Corporation (NNA) stock on Monday?
The market has been high on shares of Navios Maritime Acquisition Corporation (NNA) recently. NNA gets a bullish score of Investors Observers Stock sentiment indicator.
What is Stock Sentiment?
Sentiment is a very short term indicator that is entirely technical. There is no information on the health of the underlying company’s profitability in our sentiment score.
As a technical indicator, information about the stock or company, such as a earnings release or other event, could move the stock counter towards the recent trend.
Price action is usually the best indicator of sentiment. For a stock to go up, investors need to be feeling good. Likewise, a stock that is in a downtrend must be out of favor.
Investors ObserverThe sentiment indicator takes into account price action and recent volume trends. Increasing volumes often mean that a trend is strengthening, while decreasing volumes may indicate that a reversal could occur soon.
The options market is another place to get sentiment signals. Since options allow investors to bet on the price of a stock, we consider the ratio of calls and puts for stocks for which options are available.
What’s going on with NNA Stock today?
Navios Maritime Acquisition Corporation (NNA) shares fell -4.25% while the S&P 500 was up 1.05% at 1:09 p.m. on Monday, May 24. The NNA is down $ 0.17 from the previous closing price of $ 4.00 on volume of 105,024 shares. Over the past year, the S&P 500 is up 40.37% while the NNA is down -30.24%. NNA has earned $ 1.70 per share over the past 12 months, giving it a price-to-earnings ratio of 2.26.
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Learn more about Navios Maritime Acquisition Corporation
Navios Maritime Acquisition Corporation owns and operates tankers for the transportation of petroleum products and bulk liquid chemicals. The company owns a fleet of modern crude oil, refined petroleum products and chemicals tankers providing shipping services around the world. It charters its vessels to international oil companies, refiners and operators of large vessels on long, medium and short term charters. Navios Maritime generates the majority of its turnover by offering its services in Asia, Europe and the United States.
Click here for the full Navios Maritime Acquisition Corporation (NNA) Stock Score Report.