cbdMD Inc (YCBD) stock is up 5.70% over the past week and gets a Bullish rating from InvestorsObserver’s 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 YCBD Stock Today?
cbdMD Inc (YCBD) stock is lower by -8.55% while the S&P 500 is unmoved 0% as of 2:24 PM on Tuesday, Dec 1. YCBD is lower by -$0.26 from the previous closing price of $3.04 on volume of 1,065,952 shares. Over the past year the S&P 500 is up 16.84% while YCBD is lower by -8.25%. YCBD earned $1.07 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 2.59.
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More About cbdMD Inc
cbdMD Inc is a United States based company. It owns and operates the consumer hemp-based cannabidiol (CBD) brand, cbdMD. The company’s product categories include CBD tinctures, CBD gummies, CBD topicals, CBD bath bombs, CBD oils, and CBD pet products. The firm distributes its products through an e-commerce website, wholesalers and a variety of brick and mortar retailers. Geographically, it generates revenue from the United States.
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