Do Traders Think Silicon Motion Technology Corp. (SIMO) Can Keep Climbing Friday?

Silicon Motion Technology Corp. (SIMO) stock is higher by 9.41% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Silicon Motion Technology Corp. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SIMO!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With SIMO Stock Today?

Silicon Motion Technology Corp. (SIMO) stock has risen 4.62% while the S&P 500 has fallen -1.08% as of 11:01 AM on Friday, Dec 3. SIMO has gained $3.33 from the previous closing price of $72.10 on volume of 254,470 shares. Over the past year the S&P 500 is higher by 23.40% while SIMO has gained 93.71%. SIMO earned $4.02 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 18.76. To see InvestorsObserver's Sentiment Score for Silicon Motion Technology Corp. click here.

More About Silicon Motion Technology Corp.

Silicon Motion Technology Corp is active in the semiconductor industry and primarily focuses on designing, developing, and marketing of controllers for managing NAND flash used in embedded storage applications, such as eMMC embedded memory. Its only operating segment of Developing NAND flash controllers and SSDs solutions. The company derives revenue from product categories such as Mobile Storage, Mobile Communications, and others. Silicon earns the majority of the revenue from China and also has a presence in Taiwan, the United States, Japan, Korea, and Other Countries. The company products are used in Personal Computing, Smartphone/Tablet/CE, Flash Card/USB Flash Drive, Industrial and Embedded, Automotive, and Enterprise and Data Center. Click Here to get the full Stock Report for Silicon Motion Technology Corp. stock.