Do Traders View Akers Biosciences Inc (AKER) Stock's Current Trend Positively?

Monday, August 10, 2020 10:55 AM | InvestorsObserver Analysts

The market has been high on Akers Biosciences Inc (AKER) stock recently. AKER gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bullish
Akers Biosciences Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on AKER!

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.

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 AKER Stock Today?

Akers Biosciences Inc (AKER) stock is trading at $6.67 as of 10:54 AM on Monday, Aug 10, an increase of $0.68, or 11.45% from the previous closing price of $5.98. The stock has traded between $6.16 and $6.96 so far today. Volume today is 1,070,994 compared to average volume of 1,107,793.

To screen for more stocks like Akers Biosciences Inc click here.

More About Akers Biosciences Inc

Akers Biosciences Inc is engaged in developing, manufacturing and supplying rapid, point-of-care screening and testing products designed to bring health-related information directly to the patient or clinician in a time- and cost-efficient manner. The pipeline products of the company focus on delivering diagnostic assistance in a variety of healthcare fields/specialties, including cardiology/emergency medicine, metabolism/nutrition, diabetes, respiratory diseases and infectious disease detection. The majority of the company's revenue comes from the United States.

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