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.
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 LMDX Stock Today?
LumiraDx Ltd (LMDX) stock is trading at $8.98 as of 10:00 AM on Wednesday, Oct 27, an increase of $0.27, or 3.1% from the previous closing price of $8.71. The stock has traded between $8.88 and $9.19 so far today. Volume today is below average. So far 33,209 shares have traded compared to average volume of 874,384 shares.
To see InvestorsObserver's Sentiment Score for LumiraDx Ltd click here.
More About LumiraDx Ltd
LumiraDx Ltd is a next-generation point of care diagnostics company. It manufactures and commercializes an innovative diagnostic Platform that supports a broad menu of tests with lab comparable performance at the point of care.
Click Here to get the full Stock Report for LumiraDx Ltd stock.
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