Is Rush Enterprises Inc Class A (RUSHA) a Stock to Watch After Gaining 7.41% This Week?

Friday, December 29, 2023 03:32 PM | InvestorsObserver Analysts

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The market has been high on Rush Enterprises Inc Class A (RUSHA) stock recently. RUSHA gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Rush Enterprises Inc Class A has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on RUSHA!
See Full RUSHA Report

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. 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 RUSHA Stock Today?

Rush Enterprises Inc Class A (RUSHA) stock has gained 2.57% while the S&P 500 is lower by -0.18% as of 3:31 PM on Friday, Dec 29. RUSHA is up $1.26 from the previous closing price of $49.07 on volume of 1,490,703 shares. Over the past year the S&P 500 is up 26.21% while RUSHA is up 47.90%. RUSHA earned $4.35 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 11.57. To see InvestorsObserver's Sentiment Score for Rush Enterprises Inc Class A click here.

More About Rush Enterprises Inc Class A

Rush Enterprises Inc is the only publicly traded, standalone commercial truck dealer in North America. With 120 locations, it sells 5.6% of new class 8 trucks as the largest truck dealer on the continent. Vehicle sales include class 4-8 new trucks as well as a range of used commercial vehicles. Aftermarket parts and services are key drivers of profitability as they generate approximately 30% of revenue and 65% of gross profit. Rush's class 8 customers include large fleets (32%), mid-size fleets (16%), vocational customers (40%), and owner-operators (12%). In 2019, Rush generated $5.8 billion in revenue. Click Here to get the full Stock Report for Rush Enterprises Inc Class A stock.

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