The market has been down on Domo Inc (DOMO) stock recently. DOMO gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.
Domo Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on DOMO!
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 DOMO Stock Today?
Domo Inc (DOMO) stock is down -0.72% while the S&P 500 is higher by 0.17% as of 1:29 PM on Friday, Sep 22. DOMO is lower by -$0.07 from the previous closing price of $9.77 on volume of 141,723 shares. Over the past year the S&P 500 has gained 14.45% while DOMO is lower by -46.05%. DOMO lost -$2.40 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for Domo Inc click here.
More About Domo Inc
Domo Inc provides a cloud-based platform that digitally connects all the data, systems and people in an organization, giving them access to real-time data and insights and allowing them to manage their business from their smartphones. The company offers a platform to its customers as a subscription-based service. Users receive notifications on any device and immediately act on the invitation, after which the system can write back to the original system of record. The company derives revenue primarily from subscriptions to its cloud-based platform and professional services.
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