MJNA, a player in the cannabis market, is lower by 3.77% Thursday as it underperforms the market as a whole. Overall market sentiment has been down on Medical Marijuana Inc (MJNA) stock lately. MJNA receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
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 MJNA Stock Today?
Medical Marijuana Inc (MJNA) stock is unchanged -3.77% while the S&P 500 is lower by -0.06% as of 11:02 AM on Thursday, Jun 17. MJNA is flat $0.00 from the previous closing price of $0.04 on volume of 6,643,750 shares. Over the past year the S&P 500 has gained 35.09% while MJNA is higher by 100.00%. MJNA earned $0.00 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 12.01.
To see InvestorsObserver's Sentiment Score for Medical Marijuana Inc click here.
More About Medical Marijuana Inc
Medical Marijuana Inc is engaged in the development, sale, and distribution of hemp oil that contains naturally occurring cannabinoids, including cannabidiol and other products containing CBD-rich hemp oil. The company's products are used by pharmaceutical, nutraceutical, and cosmeceutical industries. Some of its products are CBD Capsules, CBD Tinctures, Vaporizers, and Hemp foods among others.
Click Here to get the full Stock Score Report on Medical Marijuana Inc (MJNA) Stock.
