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Do Traders Think Alkaline Water Company Inc (WTER) Can Turn Around Friday?

Friday, October 13, 2023 12:24 PM | InvestorsObserver Analysts

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Do Traders Think Alkaline Water Company Inc (WTER) Can Turn Around Friday?

Alkaline Water Company Inc (WTER) stock is unmoved 0.00% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Alkaline Water Company Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on WTER!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge 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 company. Updates for the company such as a earnings release can move the stock away from current trends. 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 WTER Stock Today?

Alkaline Water Company Inc (WTER) stock is trading at $0.27 as of 12:11 PM on Friday, Oct 13, a drop of -$0.02, or -5.89% from the previous closing price of $0.29. The stock has traded between $0.26 and $0.29 so far today. Volume today is below average. So far 105,002 shares have traded compared to average volume of 395,179 shares.

More About Alkaline Water Company Inc

Alkaline Water Co Inc is engaged in the business of distributing and marketing bottled alkaline water for retail consumers of different sizes. The firm sells its product in 500ml, 700ml, 1-liter, 1.5-liter 3-liter, and 1-gallon sizes. Its only operating geographical segment being the United States of America. The company sells its product to convenience stores, natural food products stores, large ethnic markets, and national retailers. Click Here to get the full Stock Report for Alkaline Water Company Inc stock.

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