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.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With AKTS Stock Today?
Akoustis Technologies Inc (AKTS) stock is trading at $0.99 as of 11:11 AM on Tuesday, Sep 12, a loss of -$0.05, or -5.05% from the previous closing price of $1.04. The stock has traded between $0.98 and $1.05 so far today. Volume today is less active than usual. So far 109,317 shares have traded compared to average volume of 1,075,678 shares.
To see InvestorsObserver's Sentiment Score for Akoustis Technologies Inc click here.
More About Akoustis Technologies Inc
Akoustis Technologies Inc is an emerging commercial product company focused on developing, designing, and manufacturing innovative RF filter solutions for the wireless industry, including for products such as smartphones and tablets, network infrastructure equipment, WiFi Customer Premise Equipment and defense applications. The company has developed a proprietary microelectromechanical system based bulk acoustic wave technology and a unique manufacturing process flow, called XBAW, for filters produced for use in RFFE modules. The company derives revenue from the sale of filter products under individual customer purchase orders, some of which have underlying master sales agreements that specify terms governing the product sales.
Click Here to get the full Stock Report for Akoustis Technologies Inc stock.
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