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 BYRN Stock Today?
Byrna Technologies Inc (BYRN) stock has gained 12.05% while the S&P 500 is lower by -0.19% as of 10:45 AM on Friday, Oct 13. BYRN is higher by $0.34 from the previous closing price of $2.78 on volume of 63,770 shares. Over the past year the S&P 500 is higher by 21.36% while BYRN is lower by -49.51%. BYRN lost -$0.23 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for Byrna Technologies Inc click here.
More About Byrna Technologies Inc
Byrna Technologies Inc is a non-lethal technology company, specializing in the development and manufacture of less-lethal equipment and munitions. Its product Byrna HD is a well-made, ergonomically designed, handheld personal security device. The firm's products are used by homeowners, renters, campers, truckers, real estate agents, and others which helps the individual to reduce risk and ensure safety. It markets products to the consumer, private security, law enforcement and military end markets in the United States, Canada and South Africa.
Click Here to get the full Stock Report for Byrna Technologies Inc stock.
Share this article:
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You're all set to receive the Morning Update newsletter