Overall market sentiment has been high on Kraig Biocraft Laboratories Inc (KBLB) stock lately. KBLB receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Kraig Biocraft Laboratories Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on KBLB!
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.
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 KBLB Stock Today?
Kraig Biocraft Laboratories Inc (KBLB) stock has risen 6.85% while the S&P 500 has fallen -1.59% as of 9:32 AM on Monday, Jan 24. KBLB is up $0.01 from the previous closing price of $0.11 on volume of 486,206 shares. Over the past year the S&P 500 has risen 12.26% while KBLB has fallen -7.69%. KBLB lost -$0.01 per share in the over the last 12 months.
More About Kraig Biocraft Laboratories Inc
Kraig Biocraft Laboratories Inc is engaged in the development of high-strength fibers using recombinant DNA technology mainly for commercial applications. It uses genetic engineering technologies to develop fibers with greater strength, resiliency, and flexibility for use in its target markets, namely the textile, specialty fiber, and technical textile industries. Its products include Monster Silk, which incorporates the natural elasticity of spider silk to make a silk fiber that is more flexible than conventional silk fibers and textiles; and Dragon Silk, which combines the elasticity of Monster Silk with additional high strength elements of native spider silk. It generates the majority of its revenues from its business across the United States.
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