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Is it Time to Dump Grom Social Enterprises Inc (GROM) Stock After it Is Higher By 25.19% in a Week?

Friday, October 22, 2021 09:53 AM | InvestorsObserver Analysts

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Is it Time to Dump Grom Social Enterprises Inc (GROM) Stock After it Is Higher By 25.19% in a Week?

The market has been down on Grom Social Enterprises Inc (GROM) stock recently. GROM gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
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!

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. 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 GROM Stock Today?

Grom Social Enterprises Inc (GROM) stock is trading at $4.82 as of 9:33 AM on Friday, Oct 22, an increase of $1.27, or 35.77% from the previous closing price of $3.55. The stock has traded between $4.20 and $4.82 so far today. Volume today is below average. So far 5,607,889 shares have traded compared to average volume of 12,990,618 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.

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