Pot stock Medical Marijuana Inc is lower by 2.42% Tuesday. Medical Marijuana Inc (MJNA) stock is unchanged 0.00% over the past week and gets a Bearish 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.
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 MJNA Stock Today?
Medical Marijuana Inc (MJNA) stock is unmoved -2.42% while the S&P 500 is higher by 0.12% as of 12:15 PM on Tuesday, Jun 29. MJNA is unmoved $0.00 from the previous closing price of $0.03 on volume of 11,963,467 shares. Over the past year the S&P 500 is higher by 40.69% while MJNA is higher by 50.00%. MJNA earned $0.00 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 10.45.
More About Medical Marijuana Inc
Medical Marijuana Inc is engaged in the development, sale, and distribution of hemp oil that contains naturally occurring cannabinoids, including cannabidiol and other products containing CBD-rich hemp oil. The company's products are used by pharmaceutical, nutraceutical, and cosmeceutical industries. Some of its products are CBD Capsules, CBD Tinctures, Vaporizers, and Hemp foods among others.