Is Inogen Inc (INGN) Stock About to Get Hot Monday?

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

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

See Full INGN Report

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. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With INGN Stock Today?

Inogen Inc (INGN) stock is trading at $4.59 as of 10:31 AM on Monday, Oct 30, an increase of $0.38, or 9.03% from the previous closing price of $4.21. The stock has traded between $4.57 and $4.91 so far today. Volume today is 200,377 compared to average volume of 246,847. To screen for more stocks like Inogen Inc click here.

More About Inogen Inc

Inogen Inc is a medical technology company that develops and manufactures portable oxygen concentrators used to deliver oxygen therapy to patients with chronic respiratory conditions. Its key product, the Inogen One system, is a lightweight alternative to traditional, stationary oxygen concentrator systems and oxygen tanks. The firm sells its products to home medical equipment providers and also rents products directly to patients. The majority of rental revenue comes from Medicare service reimbursement programs. Internationally, Inogen sells its products through distributors or large gas companies and home oxygen providers. Inogen generates the majority of its revenue in the United States. Click Here to get the full Stock Report for Inogen Inc stock.