Is Skywater Technology Inc (SKYT) Stock About to Get Hot Wednesday?

Skywater Technology Inc (SKYT) stock is higher by 17.97% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Skywater Technology Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SKYT!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. 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 SKYT Stock Today?

Skywater Technology Inc (SKYT) stock has risen 7.35% while the S&P 500 is lower by -0.04% as of 10:51 AM on Wednesday, Feb 28. SKYT is up $0.80 from the previous closing price of $10.82 on volume of 301,398 shares. Over the past year the S&P 500 is higher by 27.47% while SKYT is lower by -1.11%. SKYT lost -$0.52 per share in the over the last 12 months. To screen for more stocks like Skywater Technology Inc click here.

More About Skywater Technology Inc

SkyWater Technology Inc is a pure-play technology foundry that offers advanced semiconductor development and manufacturing services from its fabrication facility, in Minnesota and advanced packaging services from the Florida facility. It specializes in advanced Innovation Engineering Services and volume manufacturing of a wide variety of differentiated integrated circuits. Click Here to get the full Stock Report for Skywater Technology Inc stock.