How Will the Market React to Cognyte Software Ltd (CGNT) Stock Getting a Bearish Rating

The market has been down on Cognyte Software Ltd (CGNT) stock recently. CGNT gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Cognyte Software Ltd has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CGNT!

See Full CGNT Report

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. 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 CGNT Stock Today?

Cognyte Software Ltd (CGNT) stock has risen 2.53% while the S&P 500 is lower by 0% as of 1:58 PM on Monday, Nov 13. CGNT is higher by $0.11 from the previous closing price of $4.15 on volume of 117,533 shares. Over the past year the S&P 500 is up 11.57% while CGNT is higher by 24.93%. CGNT lost -$1.06 per share in the over the last 12 months. To screen for more stocks like Cognyte Software Ltd click here.

More About Cognyte Software Ltd

Cognyte Software Ltd provides security analytics software that empowers governments and enterprises with Actionable Intelligence. The company's solutions accelerate security investigations and connect the dots to successfully identify, neutralize, and prevent national security, personal safety, business continuity, and cyber threats. Click Here to get the full Stock Report for Cognyte Software Ltd stock.