The market has been down on Dropcar Inc (DCAR) stock recently. DCAR gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.
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 DCAR Stock Today?
Dropcar Inc (DCAR) stock is lower by -13.2% while the S&P 500 has gained 1.48% as of 10:16 AM on Thursday, May 28. DCAR is lower by -$0.12 from the previous closing price of $0.92 on volume of 1,047,261 shares. Over the past year the S&P 500 has gained 8.34% while DCAR is lower by -36.00%. DCAR lost -$0.72 per share in the over the last 12 months.
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More About Dropcar Inc
DropCar Inc offers its Vehicle Support Platform a cloud-based platform and mobile app that helps consumers and automotive-related companies reduce the cost, hassles and inefficiencies of owning a car, or fleet of cars, in urban centers. Its technology platform blends the efficiency and scale of cloud computing, machine learning and connected cars with the high-touch of highly trained drivers to move cars to/from fully staffed, secure garages to/from the people who own them. Consumers use company's mobile app to ease the cost and stress of owning a car in the city. Dealerships, leasing companies, OEMs and shared mobility companies use company's enterprise platform to reduce costs, streamline logistics and deepen relationships with customers.
