Is Toughbuilt Industries Inc (TBLT) Stock About to Get Hot Thursday?

Toughbuilt Industries Inc (TBLT) stock is lower by 4.43% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator.

Toughbuilt Industries Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on TBLT!

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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 TBLT Stock Today?

Toughbuilt Industries Inc (TBLT) stock is trading at $11.00 as of 10:58 AM on Thursday, May 5, a drop of -$1.14, or -9.37% from the previous closing price of $12.14. The stock has traded between $11.00 and $12.08 so far today. Volume today is low. So far 52,803 shares have traded compared to average volume of 196,462 shares. To screen for more stocks like Toughbuilt Industries Inc click here.

More About Toughbuilt Industries Inc

ToughBuilt Industries Inc designs, and distributes home improvement and construction product lines under the brand name TOUGHBUILT. The company's product line includes Soft Goods and Kneepads, and Sawhorses and Work Products. Soft Goods line consists of tool pouches, tool rigs, tool belts and accessories, tools bags, totes, a variety of storage solutions, and office organizers/bags for laptops, tablets, cellphones, and others. Sawhorses and Work Support products consist of unique designs and robust construction targeted for the most discerning users in the industry. It generates a majority of its revenue from Soft Goods products. Geographically, the company generates a majority of its revenue from the United States. Click Here to get the full Stock Report for Toughbuilt Industries Inc stock.