The market has been high on LMP Automotive Holdings Inc (LMPX) stock recently. LMPX 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.
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 LMPX Stock Today?
LMP Automotive Holdings Inc (LMPX) stock is lower by -8.57% while the S&P 500 is up 0.48% as of 2:35 PM on Wednesday, Jan 13. LMPX is lower by -$2.50 from the previous closing price of $29.13 on volume of 461,616 shares. Over the past year the S&P 500 has risen 16.16% while LMPX is lower by -6.53%. LMPX lost -$0.33 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for LMP Automotive Holdings Inc click here.
More About LMP Automotive Holdings Inc
LMP Automotive Holdings Inc is e-commerce and facilities-based retail platform for consumers who desire to buy, sell, rent, subscribe for or finance pre-owned and new automobiles. Its business model is described as Buy, Rent or Subscribe, Sell and Repeat. The company offer sales of pre-owned automobiles, and rentals and subscriptions for both pre-owned and new automobiles.
Click Here to get the full Stock Score Report on LMP Automotive Holdings Inc (LMPX) Stock.
