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.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With ASTR Stock Today?
Astra Space Inc (ASTR) stock is trading at $1.29 as of 12:15 PM on Friday, Jul 1, a loss of -$0.01, or -1.15% from the previous closing price of $1.30. The stock has traded between $1.27 and $1.33 so far today. Volume today is light. So far 757,377 shares have traded compared to average volume of 4,508,326 shares.
More About Astra Space Inc
Astra Space Inc is a technology company that provides space services, including satellite launch services and other space services, based on a proprietary, vertically integrated technology platform. It offers launch services, space products, and space services to achieve its space services platform model.
Click Here to get the full Stock Report for Astra Space Inc stock.
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