Is Trxade Health Inc (MEDS) a Stock to Watch After Losing -10.41% This Week?

Thursday, September 21, 2023 10:45 AM | InvestorsObserver Analysts

Mentioned in this article

Is Trxade Health Inc (MEDS) a Stock to Watch After Losing -10.41% This Week?

Overall market sentiment has been down on Trxade Health Inc (MEDS) stock lately. MEDS receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Trxade Health Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on MEDS!

See Full MEDS Report

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. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With MEDS Stock Today?

Trxade Health Inc (MEDS) stock is up 2.07% while the S&P 500 is down -0.78% as of 10:39 AM on Thursday, Sep 21. MEDS is up $0.15 from the previous closing price of $7.25 on volume of 28,547 shares. Over the past year the S&P 500 has gained 13.27% while MEDS is down -63.73%. MEDS lost -$6.32 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for Trxade Health Inc click here.

More About Trxade Health Inc

Trxade Group Inc engages in designing and developing business to business web-based platform which provides buying and selling opportunities for pharmacies and national suppliers of the pharmaceutical industry. The products developed by the company are trxade.com which is a web-based pharmaceutical platform for promoting and trade among independent pharmacies and suppliers, inventoryrx.com which is also a platform for promoting and trading among suppliers and manufacturers nationally, pharmabayonline which provides access to pharmaceutical data analytics to United States based independent pharmacies, and rxguru which is a service based desktop software applications for providing drug pricing and analytics. Click Here to get the full Stock Report for Trxade Health Inc stock.