The market has been down on PainReform Ltd (PRFX) stock recently. PRFX gets a Bearish 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 PRFX Stock Today?
PainReform Ltd (PRFX) stock is lower by -8.43% while the S&P 500 has risen 0.17% as of 1:48 PM on Friday, Apr 16. PRFX is down -$0.29 from the previous closing price of $3.44 on volume of 97,996 shares. Over the past year the S&P 500 is higher by 18.45% while PRFX is down -53.26%. PRFX lost -$1.25 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for PainReform Ltd click here.
More About PainReform Ltd
PainReform Ltd is a clinical-stage specialty pharmaceutical company. It is focused on the reformulation of established therapeutics. The company's product PRF-110 is based on the local anesthetic ropivacaine, targeting the post-operative pain relief market. PRF-110 is an oil-based, viscous, clear solution that is deposited directly into the surgical wound bed before closure to provide localized and extended post-operative analgesia.
Click Here to get the full Stock Score Report on PainReform Ltd (PRFX) Stock.
