Overall market sentiment has been high on Toughbuilt Industries Inc (TBLT) stock lately. TBLT receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
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.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With TBLT Stock Today?
Toughbuilt Industries Inc (TBLT) stock has risen 1.95% while the S&P 500 is lower by -3.51% as of 1:46 PM on Friday, Sep 4. TBLT has risen $0.01 from the previous closing price of $0.69 on volume of 3,390,604 shares. Over the past year the S&P 500 is higher by 17.61% while TBLT is lower by -82.01%. TBLT lost -$1.88 per share in the over the last 12 months.
To see the top 5 stocks in the Tools & Accessories industry click here.
More About Toughbuilt Industries Inc
ToughBuilt Industries Inc design, manufacture and distributes home improvement and construction product lines under the brand name TOUGHBUILT. The company's product line includes Soft Goods and Kneepads, and Sawhorses and Work Products. Soft Goods line consists of tool pouches, tool rigs, tool belts and accessories, tools bags, totes, a variety of storage solutions, and office organizers/bags for laptop, tablet, cellphones, and others. Sawhorses and Work Products is made of metal construction and compact design and also has adjustable heights. It generates a majority of its revenue from Soft Goods products. Geographically, the company generates a majority of its revenue from the United States.
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