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Is Newage Inc (NBEV) a Stock to Watch After Gaining 2.54% This Week?

Monday, November 29, 2021 03:46 PM | InvestorsObserver Analysts

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Is Newage Inc (NBEV) a Stock to Watch After Gaining 2.54% This Week?

The market has been down on Newage Inc (NBEV) stock recently. NBEV gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
Newage Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on NBEV!

What is Stock Sentiment?

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. Recent trends are a good indicator 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 NBEV Stock Today?

Newage Inc (NBEV) stock is lower by -2.42% while the S&P 500 has gained 1.42% as of 3:46 PM on Monday, Nov 29. NBEV is lower by -$0.03 from the previous closing price of $1.24 on volume of 947,295 shares. Over the past year the S&P 500 is up 28.67% while NBEV is lower by -64.72%. NBEV lost -$0.08 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for Newage Inc click here.

More About Newage Inc

NewAge Inc is engaged in the business of developing, marketing, selling, and distributing a portfolio of healthy products sold primarily through a direct to customer business model using a team of brand partners and distributors to help market and sell the portfolio of brands. Its Direct/Social Selling segment is engaged in the development, manufacturing, and marketing of a portfolio of healthy products in three core category platforms including health and wellness, healthy appearance, and nutritional performance all sold primarily via e-commerce and through a direct route to market. It has a business presence in the US, Japan, China and other countries. Click Here to get the full Stock Report for Newage Inc stock.

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