Overall market sentiment has been down on Newage Inc (NBEV) stock lately. NBEV receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
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 -6.61% while the S&P 500 is up 0.11% as of 1:37 PM on Monday, Dec 14. NBEV has fallen -$0.19 from the previous closing price of $2.95 on volume of 2,346,404 shares. Over the past year the S&P 500 is higher by 14.91% while NBEV is up 48.39%. NBEV lost -$1.21 per share in the over the last 12 months.
More About Newage Inc
NewAge Inc is a beverage company. It is engaged in the development, marketing, sales, and distribution of a portfolio of Ready-to-Drink (RTD). Some of its brands are Nestea, Volvic, Bucha, Xing, TeMana, and others.