The market has been high on Kaleyra Inc (KLR) stock recently. KLR gets a Bullish score 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.
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 KLR Stock Today?
Kaleyra Inc (KLR) stock is trading at $8.24 as of 10:08 AM on Wednesday, Nov 25, a gain of $0.29, or 3.65% from the previous closing price of $7.95. The stock has traded between $8.11 and $8.48 so far today. Volume today is less active than usual. So far 53,414 shares have traded compared to average volume of 103,880 shares.
More About Kaleyra Inc
Kaleyra Inc provides mobile communication services for financial institutions and enterprises of all sizes worldwide. Through its proprietary platform, the company manages multi-channel integrated communication services, comprising of messages, push notifications, e-mail, instant messaging, voice services and chatbots.