Is it Time to Dump Newage Inc (NBEV) Stock After it Has Gained 2.63% in a Week?

Friday, May 27, 2022 10:00 AM | InvestorsObserver Analysts

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Is it Time to Dump Newage Inc (NBEV) Stock After it Has Gained 2.63% in a Week?

Overall market sentiment has been neutral on Newage Inc (NBEV) stock lately. NBEV receives a Neutral rating from InvestorsObserver Stock Sentiment Indicator.

Newage Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on NBEV!

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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. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With NBEV Stock Today?

Newage Inc (NBEV) stock is trading at $0.39 as of 9:58 AM on Friday, May 27, a gain of $0.02, or 6.48% from the previous closing price of $0.37. The stock has traded between $0.38 and $0.39 so far today. Volume today is low. So far 224,464 shares have traded compared to average volume of 1,803,305 shares. To see InvestorsObserver's Sentiment Score for Newage Inc click here.

More About Newage Inc

NewAge Inc is engaged in the business of developing, marketing, selling, and distributing a portfolio of healthy products sold primarily through a direct to customer business model using a team of brand partners and distributors to help market and sell the portfolio of brands. Its Direct/Social Selling segment is engaged in the development, manufacturing, and marketing of a portfolio of healthy products in three core category platforms including health and wellness, healthy appearance, and nutritional performance all sold primarily via e-commerce and through a direct route to market. It has a business presence in the US, Japan, China and other countries. Click Here to get the full Stock Report for Newage Inc stock.