Overall market sentiment has been down on Fulgent Genetics Inc (FLGT) stock lately. FLGT receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
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 FLGT Stock Today?
Fulgent Genetics Inc (FLGT) stock is trading at $113.83 as of 2:40 PM on Monday, Feb 22, a loss of -$19.19, or -14.43% from the previous closing price of $133.02. The stock has traded between $113.22 and $132.75 so far today. Volume today is light. So far 1,318,108 shares have traded compared to average volume of 2,174,702 shares.
More About Fulgent Genetics Inc
Fulgent Genetics Inc is a technology company that focuses on genetic testing to provide physicians with clinically actionable diagnostic information. Genetic testing offers the possibility of early identification of a disease or a genetic predisposition to a disease and enhanced disease treatment and prognosis.