The market has been down on Astrotech Corp (ASTC) stock recently. ASTC gets a Bearish score 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.
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 ASTC Stock Today?
Astrotech Corp (ASTC) stock is trading at $2.44 as of 1:50 PM on Tuesday, Mar 2, a gain of $0.13, or 5.63% from the previous closing price of $2.31. The stock has traded between $2.30 and $2.54 so far today. Volume today is 2,692,164 compared to average volume of 2,821,864.
More About Astrotech Corp
Astrotech Corp is a science and technology development company. The firm invents, acquires, and commercializes technological innovations sourced from internal research, universities, laboratories, and research institutions. The company operates two reportable business units, 1st Detect corporation and AgLAB Inc. The 1st Detect develops, manufactures, and sells chemical analyzers for use in the airport security, military, breath analysis markets. AgLAB develops a series of mass spectrometers for use in the agriculture market.