Is Cepton Inc (CPTN) Stock About to Get Hot Tuesday?

The market has been down on Cepton Inc (CPTN) stock recently. CPTN gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

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

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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. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With CPTN Stock Today?

Cepton Inc (CPTN) stock is trading at $1.68 as of 3:37 PM on Tuesday, Sep 27, an increase of $0.16, or 10.93% from the previous closing price of $1.51. The stock has traded between $1.51 and $1.69 so far today. Volume today is light. So far 345,338 shares have traded compared to average volume of 1,899,153 shares. To screen for more stocks like Cepton Inc click here.

More About Cepton Inc

Cepton Inc provides lidar-based solutions for a range of markets such as automotive, smart cities, smart spaces and smart industrial applications. The company's patented MMT-based lidar technology enables reliable, scalable and cost-effective solutions that deliver long range, high resolution 3D perception for smart applications. Click Here to get the full Stock Report for Cepton Inc stock.