BIO-key International, Inc. (BKYI) stock has risen 1.20% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
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 BKYI Stock Today?
BIO-key International, Inc. (BKYI) stock is trading at $3.38 as of 11:20 AM on Monday, Nov 23, a gain of $0.45, or 15.36% from the previous closing price of $2.93. Volume today is elevated. So far 5,538,488 shares have traded compared to average volume of 335,056 shares. The stock has traded between $3.18 and $3.75 so far today.
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More About BIO-key International, Inc.
BIO-key International Inc a fingerprint biometric technology company. It develops and markets advanced fingerprint biometric identification and identity verification technologies, as well as related identity management and credentialing hardware and software solutions. The company is organized into one principal operating segment - Biometric Products. Its product portfolio comprises SideSwipe, SideTouch, EcoID, Web-key, and ID director. The company generates its revenue in the form of License fees and others.
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