The market has been neutral on cbdMD Inc (YCBD) stock recently. YCBD gets a YCBD score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
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.
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 YCBD Stock Today?
cbdMD Inc (YCBD) stock is flat 0% while the S&P 500 is up 0.03% as of 2:43 PM on Friday, Feb 12. YCBD is unchanged $0.00 from the previous closing price of $4.86 on volume of 3,512,156 shares. Over the past year the S&P 500 has gained 15.92% while YCBD is up 318.97%. YCBD lost -$0.08 per share in the over the last 12 months.
More About cbdMD Inc
cbdMD Inc is a United States based company. It owns and operates the consumer hemp-based cannabidiol (CBD) brand, cbdMD. The company's product categories include CBD tinctures, CBD gummies, CBD topicals, CBD bath bombs, CBD oils, and CBD pet products. The firm distributes its products through an e-commerce website, wholesalers and a variety of brick and mortar retailers.