Overall market sentiment has been down on Takung Art Co Ltd (TKAT) stock lately. TKAT receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
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.
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 TKAT Stock Today?
Takung Art Co Ltd (TKAT) stock is trading at $1.33 as of 9:58 AM on Thursday, Dec 3, a gain of $0.13, or 10.37% from the previous closing price of $1.21. The stock has traded between $1.27 and $1.76 so far today. Volume today is above average. So far 368,401 shares have traded compared to average volume of 81,897 shares.
To see InvestorsObserver's Sentiment Score for Takung Art Co Ltd click here.
More About Takung Art Co Ltd
Takung Art Co Ltd is a United States-based company that operates an online electronic platform for offering and trading artwork. The company through its platform allows artists/art dealers/owners to access a much bigger art trading market where they can engage with a wide range of investors. Its platform also invests in high-end and artwork accessible to ordinary people without financial resources. The company's trading platforms comprise the sale of calligraphies and paintings, jewelry, and precious stones. It generates revenue in the form of services in connection with the offering and trading of artwork on our system, primarily consisting of listing fees, trading commissions, and management fees. The company conducts its business primarily in Hong Kong and China.
Click Here to get the full Stock Score Report on Takung Art Co Ltd (TKAT) Stock.
