Is Electromed Inc (ELMD) a Stock to Watch After Gaining 31.21% This Week?

The market has been high on Electromed Inc (ELMD) stock recently. ELMD gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Electromed Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ELMD!

See Full ELMD Report

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. 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 ELMD Stock Today?

Electromed Inc (ELMD) stock has risen 1.08% while the S&P 500 is down -0.39% as of 10:17 AM on Friday, Feb 16. ELMD has risen $0.14 from the previous closing price of $13.47 on volume of 11,252 shares. Over the past year the S&P 500 has gained 20.79% while ELMD has risen 11.00%. ELMD earned $0.45 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 30.27. To screen for more stocks like Electromed Inc click here.

More About Electromed Inc

Electromed Inc is a United States-based company that develops, manufactures, markets and sells innovative products that provide airway clearance therapy, including the SmartVest Airway Clearance System and related products, to patients with compromised pulmonary function with a commitment to excellence and compassionate service. The SmartVest System features a programmable air pulse generator, a therapy garment worn over the upper body and a connecting hose, which together provide safe, comfortable, and effective airway clearance therapy. Click Here to get the full Stock Report for Electromed Inc stock.