Should You Buy CS Disco Inc (LAW) Stock on Friday?

CS Disco Inc (LAW) stock is lower by 29.75% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

CS Disco Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on LAW!

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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. 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 LAW Stock Today?

CS Disco Inc (LAW) stock is trading at $6.66 as of 10:16 AM on Friday, Sep 15, a loss of -$0.37, or -5.26% from the previous closing price of $7.03. The stock has traded between $6.50 and $6.92 so far today. Volume today is light. So far 178,971 shares have traded compared to average volume of 274,385 shares.

More About CS Disco Inc

CS Disco Inc provides a cloud-native, artificial intelligence-powered legal solution that simplifies discovery, legal document review, and case management for enterprises, law firms, legal services providers, and governments. Its revenue-generating activities directly relate to the sale and support of legal solutions. It has two primary types of contractual arrangements: usage-based and subscription solutions. The usage-based revenue is derived from contracts under which customers are billed monthly based on their usage. Subscription revenue is derived from contracts where customers are contractually committed to a minimum data volume over a period of time. Click Here to get the full Stock Report for CS Disco Inc stock.