Retractable Technologies, Inc. (RVP) stock is higher by 26.73% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
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.
Recent trends are a good indator 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 RVP Stock Today?
Retractable Technologies, Inc. (RVP) stock is up 4.09% while the S&P 500 is lower by -0.99% as of 9:37 AM on Thursday, Jul 30. RVP is up $0.49 from the previous closing price of $11.98 on volume of 4,038 shares. Over the past year the S&P 500 is higher by 7.07% while RVP is up 1562.67%. RVP earned $0.09 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 142.
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More About Retractable Technologies, Inc.
Retractable Technologies Inc designs, develops, manufactures, and market patented safety medical products for the healthcare industry. It offers 1mL tuberculin; insulin syringes; allergy antigen VanishPoint syringes; 0.5mL, 2mL, 3mL, 5mL, and 10mL VanishPoint syringes; and the VanishPoint blood collection tube holder. The company also sells VanishPoint auto-disable syringes in the international market in addition to its other products. It distributes its products throughout the U.S. through the general line and specialty distributors. The maximum revenue derives from the US region as well as from Syringes products.
