The market has been high on Sachem Capital Corp (SACH) stock recently. SACH gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
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 SACH Stock Today?
Sachem Capital Corp (SACH) stock is trading at $5.33 as of 2:04 PM on Thursday, Apr 1, a gain of $0.11, or 2.11% from the previous closing price of $5.22. The stock has traded between $5.25 and $5.37 so far today. Volume today is more active than usual. So far 253,690 shares have traded compared to average volume of 197,265 shares.
To see InvestorsObserver's Sentiment Score for Sachem Capital Corp click here.
More About Sachem Capital Corp
Sachem Capital Corp is a real estate finance company that specializes in originating, underwriting, funding, servicing and managing a portfolio of short-term loans secured by first mortgage liens on real property located in Connecticut. The objective of the company is to grow the loan portfolio while protecting and preserving capital in a manner that provides for attractive risk-adjusted returns to shareholders over the long-term through dividends.
Click Here to get the full Stock Score Report on Sachem Capital Corp (SACH) Stock.
