Should You Buy Simply Good Foods Co (SMPL) Stock on Friday?

Overall market sentiment has been high on Simply Good Foods Co (SMPL) stock lately. SMPL receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Simply Good Foods Co has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SMPL!

See Full SMPL Report

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. 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 SMPL Stock Today?

Simply Good Foods Co (SMPL) stock is trading at $33.13 as of 11:32 AM on Friday, Oct 20, a decline of -$0.16, or -0.48% from the previous closing price of $33.29. The stock has traded between $32.83 and $33.65 so far today. Volume today is low. So far 106,505 shares have traded compared to average volume of 578,395 shares.

More About Simply Good Foods Co

Simply Good Foods provides low-carbohydrate high protein bars shakes and other products such as confections chips and cookies under the Atkins and Quest brands. The firm also licenses its brand to Bellisio Foods which produces frozen meals and pizza. Atkins products are modeled after the philosophy of Dr. Robert Atkins whose 1972 book Dr. Atkins Diet Revolution conferred the benefits of a high protein/low carbohydrate diet and is credited with launching the low-carb diet trend. Quest acquired in November 2019 also follows the high protein/low carbohydrate philosophy and targets active lifestyle consumers. Ninety-six percent of the firm sales occur within North America. Click Here to get the full Stock Report for Simply Good Foods Co stock.