Should You Buy Sierra Wireless, Inc. (SWIR) Stock After it Has Risen 6.94% in a Week?

Friday, January 06, 2023 10:56 AM | InvestorsObserver Analysts

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Should You Buy Sierra Wireless, Inc. (SWIR) Stock After it Has Risen 6.94% in a Week?

Overall market sentiment has been high on Sierra Wireless, Inc. (SWIR) stock lately. SWIR receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Sierra Wireless, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SWIR!

See Full SWIR Report

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. 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 SWIR Stock Today?

Sierra Wireless, Inc. (SWIR) stock is trading at $30.97 as of 10:47 AM on Friday, Jan 6, a rise of $1.73, or 5.92% from the previous closing price of $29.24. The stock has traded between $30.97 and $30.98 so far today. Volume today is elevated. So far 2,079,095 shares have traded compared to average volume of 474,555 shares.

More About Sierra Wireless, Inc.

Sierra Wireless Inc is a wireless communication equipment designer and provider of Device-To-Cloud Internet-of-Things solutions. The company's product and services portfolio contain products such as high-speed cellular modules and services such as connectivity services, cloud platforms, and cellular gateways, among others. It operates through two business segments: Internet of Things solutions and Embedded broadband. The vast majority of revenue comes from the company's embedded broadband segment, and more than half of its revenue is earned in the Americas and Asia-Pacific region. Click Here to get the full Stock Report for Sierra Wireless, Inc. stock.