Is it Time to Dump Allot Ltd (ALLT) Stock After it Is Up 0.93% in a Week?

Overall market sentiment has been down on Allot Ltd (ALLT) stock lately. ALLT receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Allot Ltd has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on ALLT!

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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. 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 ALLT Stock Today?

Allot Ltd (ALLT) stock is trading at $2.16 as of 1:51 PM on Monday, Oct 9, a rise of $0.23, or 11.92% from the previous closing price of $1.93. The stock has traded between $1.88 and $2.17 so far today. Volume today is low. So far 72,488 shares have traded compared to average volume of 171,907 shares.

More About Allot Ltd

Allot Ltd is a provider of leading innovative network intelligence and security solutions for service providers and enterprises. The company's solutions are deployed globally for network and application analytics, traffic control and shaping, and network-based security services. The firm's multi-service platforms are deployed by over 500 mobile, fixed, and cloud service providers and over 1000 enterprises. Click Here to get the full Stock Report for Allot Ltd stock.