Is it Time to Dump Bimi International Medical Inc (BIMI) Stock After it Has Risen 35.04% in a Week?

The market has been high on Bimi International Medical Inc (BIMI) stock recently. BIMI gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Bimi International Medical Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on BIMI!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. 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 BIMI Stock Today?

Bimi International Medical Inc (BIMI) stock is down -13.95% while the S&P 500 has gained 0.27% as of 12:41 PM on Wednesday, Nov 29. BIMI is down -$0.30 from the previous closing price of $2.15 on volume of 53,747 shares. Over the past year the S&P 500 has risen 15.22% while BIMI is down -17.78%. BIMI lost -$5.69 per share in the over the last 12 months.

More About Bimi International Medical Inc

BIMI International Medical Inc is a healthcare products and provider, offering a broad range of healthcare products and related services and operates two private hospitals in China. The company's segment includes Retail pharmacy; Medical device wholesale; Drugs wholesale; Medical services and others. It generates maximum revenue from the Drugs wholesale segment. Click Here to get the full Stock Report for Bimi International Medical Inc stock.