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How Will the Market React to Applied DNA Sciences Inc (APDN) Stock Getting a Bearish Rating

Wednesday, September 20, 2023 10:56 AM | InvestorsObserver Analysts

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How Will the Market React to Applied DNA Sciences Inc (APDN) Stock Getting a Bearish Rating

Overall market sentiment has been down on Applied DNA Sciences Inc (APDN) stock lately. APDN receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
Applied DNA Sciences Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on APDN!

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. 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 APDN Stock Today?

Applied DNA Sciences Inc (APDN) stock is trading at $1.27 as of 10:45 AM on Wednesday, Sep 20, a rise of $0.01, or 0.83% from the previous closing price of $1.26. The stock has traded between $1.27 and $1.34 so far today. Volume today is less active than usual. So far 10,639 shares have traded compared to average volume of 47,556 shares. To see InvestorsObserver's Sentiment Score for Applied DNA Sciences Inc click here.

More About Applied DNA Sciences Inc

Applied DNA Sciences Inc is a provider of DNA-based supply chain, anti-counterfeiting, and anti-theft technology. The company provides its products and services under the brand of SigNature DNA, SigNature T DNA, fiberTyping, DNAnet, digitalDNA, SigNify and Beacon. It serves clients in various industries including government/military, security and asset marking, industrial parts, pharmaceuticals, textiles and apparel, and printing and packaging. The company has operational footprints across the United States, Europe, Asia, and others. Key revenue is derived from Americas. Click Here to get the full Stock Report for Applied DNA Sciences Inc stock.

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