How Will the Market React to Latch Inc (LTCH) Stock Getting a Bearish Rating

Latch Inc (LTCH) stock is down 5.88% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Latch Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on LTCH!

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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. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With LTCH Stock Today?

Latch Inc (LTCH) stock is trading at $1.12 as of 1:45 PM on Tuesday, Jun 20, an increase of $0.08, or 7.21% from the previous closing price of $1.04. The stock has traded between $1.01 and $1.19 so far today. Volume today is 1,200,787 compared to average volume of 996,835.

More About Latch Inc

Latch Inc makes spaces better places to live, work, and visit through a system of software, devices, and services. It specializes in keyless entry security systems to open and manage every door in an apartment building from a smartphone. LatchOS enables spaces across North America, including in 44 states and Canada, from affordable housing in Baltimore, to historic buildings in Manhattan, to luxury towers in the Midwest. Latch works with real estate developers, large and small, ranging from the largest real estate companies in the world to passionate local owners. Click Here to get the full Stock Report for Latch Inc stock.