Is it Time to Dump Edap Tms SA (EDAP) Stock After it Has Fallen 23.89% in a Week?

The market has been high on Edap Tms SA (EDAP) stock recently. EDAP gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Edap Tms SA has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on EDAP!

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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. 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 EDAP Stock Today?

Edap Tms SA (EDAP) stock is trading at $5.32 as of 1:38 PM on Thursday, Nov 9, a decline of -$1.88, or -26.11% from the previous closing price of $7.20. The stock has traded between $5.11 and $6.98 so far today. Volume today is elevated. So far 266,075 shares have traded compared to average volume of 56,739 shares.

More About Edap Tms SA

Edap TMS SA is a holding company operating in three divisions namely, HIFU (High-Intensity Focused Ultrasound), ESWL (Extracorporeal ShockWave Lithotripsy), and Distribution. The HIFU division develops, manufactures, and markets devices for the invasive destruction of certain types of tumors using HIFU technology. It markets three HIFU devices: the Ablatherm, Ablatherm Fusion, and the Focal One. The ESWL division is engaged in the manufacturing, marketing, and servicing of its installed base of Sonolith range of lithotripters. The Distribution division markets products that are complementary to its global activity such as lasers, micro-ultrasound systems, and other medical products from third parties. Its geographical segments are Asia, France, United States, and Others. Click Here to get the full Stock Report for Edap Tms SA stock.