Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
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 SKLZ Stock Today?
Skillz Inc (SKLZ) stock is lower by -1.6% while the S&P 500 is up 0.02% as of 11:11 AM on Wednesday, Jan 19. SKLZ is lower by -$0.09 from the previous closing price of $5.62 on volume of 4,087,613 shares. Over the past year the S&P 500 is up 20.51% while SKLZ is lower by -79.27%. SKLZ earned $2.04 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 2.71.
