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Should You Buy Applied DNA Sciences Inc (APDN) Stock After it Is Up 6.56% in a Week?

Friday, February 23, 2024 01:11 PM | InvestorsObserver Analysts

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Should You Buy Applied DNA Sciences Inc (APDN) Stock After it Is Up 6.56% in a Week?

Overall market sentiment has been neutral on Applied DNA Sciences Inc (APDN) stock lately. APDN receives a Neutral rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,neutral
Applied DNA Sciences Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on APDN!

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. 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 APDN Stock Today?

Applied DNA Sciences Inc (APDN) stock is down -1.11% while the S&P 500 is higher by 0.16% as of 1:05 PM on Friday, Feb 23. APDN is down -$0.01 from the previous closing price of $0.66 on volume of 74,339 shares. Over the past year the S&P 500 is up 27.67% while APDN is down -59.12%. APDN lost -$0.55 per share in the over the last 12 months.

More About Applied DNA Sciences Inc

Applied DNA Sciences Inc is a provider of DNA-based supply chain, anti-counterfeiting, and anti-theft technology. The company provides its products and services under the brand of SigNature DNA, SigNature T DNA, fiberTyping, DNAnet, digitalDNA, SigNify and Beacon. It serves clients in various industries including government/military, security and asset marking, industrial parts, pharmaceuticals, textiles and apparel, and printing and packaging. The company has operational footprints across the United States, Europe, Asia, and others. Key revenue is derived from Americas. Click Here to get the full Stock Report for Applied DNA Sciences Inc stock.

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