Is MarineMax Inc (HZO) a stock to watch after gaining 13.36% this week?
Overall market sentiment has been high on MarineMax Inc (HZO) stock lately. HZO receives a bullish rating of Investors Observers Stock sentiment indicator.
What is Stock Sentiment?
Sentiment uses short-term technical analysis to assess 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 business. Updates for the business, such as the release of earnings, can move the stock away from current trends.
Recent trends are a good indicator of current market sentiment. In its most basic form, stocks trending upward are desirable by investors, while declining stocks should be unattractive.
Investors ObserverThe sentimental indicator tracks both price and volume changes to analyze the most recent trends. Typically, an increase in volume indicates that the current trends are strengthening, while a decrease in volume usually signals the end of the current trend.
The options available can also represent the current sentiment for a given stock. Since investors are able to bet on future trends in stocks using options, we consider the ratio of calls to puts when analyzing market sentiment.
What is happening with HZO Stock today?
MarineMax Inc (HZO) stock was up 5.01% while the S&P 500 was down -0.18% at 10:25 a.m. on Monday, May 10. HZO was up $ 3.29 from the previous closing price of $ 65.71 on volume of 360,489 shares. Over the past year, the S&P 500 rose 44.18% while HZO rose 342.31%. HZO has earned $ 5.45 per share over the past 12 months, giving it a price / earnings ratio of 12.85.
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Learn more about MarineMax Inc
MarineMax Inc is a United States-based company that sells new and used pleasure boats under premium brands, and related marine products, such as engines, parts and accessories. The company is also engaged in other activities, including the provision of repair, maintenance and storage services; manage financing, insurance and other related vessels; brokerage sale offer for boats and yachts; and operate a yacht charter business. The sale of new and used boats represents the majority of the company’s total turnover.
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