Overall market sentiment has been down on Cara Therapeutics Inc (CARA) stock lately. CARA receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
Cara Therapeutics Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CARA!
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
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 CARA Stock Today?
Cara Therapeutics Inc (CARA) stock is higher by 1.97% while the S&P 500 is lower by -0.36% as of 2:53 PM on Friday, Jan 14. CARA has gained $0.23 from the previous closing price of $11.65 on volume of 157,072 shares. Over the past year the S&P 500 has gained 21.85% while CARA is lower by -32.00%. CARA earned $0.44 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 27.09.
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More About Cara Therapeutics Inc
Cara Therapeutics Inc is an emerging biotechnology company involved in the development of novel therapeutics to treat human diseases associated with inflammation, pain, and pruritus. Cara's most advanced compound, CR845, aims to treat acute pain and pruritus. This patented compound has analgesic, anti-inflammatory, and antipruritic properties that can be used for multiple therapeutic applications. Additionally, Cara's objective is to use its proprietary drug-screening technology to develop a future pipeline of first-in-class molecules with analgesic and anti-inflammatory features.
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