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 IINX Stock Today?
Ionix Technology Inc (IINX) stock is down -10.71% while the S&P 500 has risen 0.45% as of 9:44 AM on Wednesday, Sep 22. IINX has fallen -$0.02 from the previous closing price of $0.14 on volume of 215,088 shares. Over the past year the S&P 500 has risen 33.30% while IINX has risen 85.71%. IINX lost -$0.01 per share in the over the last 12 months.
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More About Ionix Technology Inc
Ionix Technology Inc in association with its subsidiaries, designs, develops, and sells lithium batteries. These batteries are used in consumer electronic devices such as computers and mobile devices, electric vehicles, and storage applications. Its segments include SmartEnergy, Photoelectric Display, and Service Contracts, of which the majority of the revenue comes from the Photoelectric Display segment which derives its revenue from the sales of LCM(Liquid Crystal Module) and LCD(Liquid Crystal Display) screens manufactured for small devices such as video capable baby monitors, and electronic devices. All of its revenues come from China.
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