Overall market sentiment has been high on Similarweb Ltd (SMWB) stock lately. SMWB receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Similarweb Ltd has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SMWB!
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.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With SMWB Stock Today?
Similarweb Ltd (SMWB) stock is trading at $6.05 as of 12:58 PM on Monday, Oct 9, a loss of -$0.43, or -6.64% from the previous closing price of $6.48. The stock has traded between $5.89 and $6.31 so far today. Volume today is 68,100 compared to average volume of 85,550.
To screen for more stocks like Similarweb Ltd click here.
More About Similarweb Ltd
Similarweb Ltd provides a platform for digital intelligence, delivering a trusted, comprehensive and detailed view of the digital world that empowers customers to accelerate their growth and become more competitive in the markets. Its proprietary technology analyzes billions of digital interactions and transactions every day from millions of websites and apps and turns these digital signals into actionable insights. The company generates revenues primarily from SaaS subscriptions, which is comprised of subscription fees from customers utilizing cloud-based digital intelligence solutions and other subscription-based solutions.
Click Here to get the full Stock Report for Similarweb Ltd stock.
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