Is Grom Social Enterprises Inc (GROM) Stock About to Get Hot Tuesday?

Grom Social Enterprises Inc (GROM) stock is lower by 18.25% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Grom Social Enterprises Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on GROM!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. 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 GROM Stock Today?

Grom Social Enterprises Inc (GROM) stock is trading at $1.03 as of 1:21 PM on Tuesday, Nov 21, a loss of -$0.11, or -9.64% from the previous closing price of $1.14. The stock has traded between $1.01 and $1.12 so far today. Volume today is low. So far 56,563 shares have traded compared to average volume of 133,826 shares. To screen for more stocks like Grom Social Enterprises Inc click here.

More About Grom Social Enterprises Inc

Grom Social Enterprises Inc is a social media, technology, and entertainment company for kids focused on producing original content. In addition to providing a social media platform, the company creates content consisting of animated characters, interactive charts, videos, blogs, and games. Click Here to get the full Stock Report for Grom Social Enterprises Inc stock.