Should You Buy Skillful Craftsman Education Tchnlgy Ltd (EDTK) Stock After it Is Down 3.07% in a Week?

Thursday, June 01, 2023 10:08 AM | InvestorsObserver Analysts

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Should You Buy Skillful Craftsman Education Tchnlgy Ltd (EDTK) Stock After it Is Down 3.07% in a Week?

The market has been down on Skillful Craftsman Education Tchnlgy Ltd (EDTK) stock recently. EDTK gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Skillful Craftsman Education Tchnlgy Ltd has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on EDTK!

See Full EDTK 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. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With EDTK Stock Today?

Skillful Craftsman Education Tchnlgy Ltd (EDTK) stock is trading at $1.58 as of 9:44 AM on Thursday, Jun 1, a gain of $0.08, or 5.33% from the previous closing price of $1.50. The stock has traded between $1.50 and $1.58 so far today. Volume today is light. So far 6,862 shares have traded compared to average volume of 35,906 shares. To see InvestorsObserver's Sentiment Score for Skillful Craftsman Education Tchnlgy Ltd click here.

More About Skillful Craftsman Education Tchnlgy Ltd

Skillful Craftsman Education Technology Ltd provides online education and technology services in China. The services comprises of two aspects - Online vocational training and Virtual simulation experimental training. It covers a wide range of subjects, including mechanics, electronics, auto repair and construction. Majority of the revenues is generated from the People's Republic of China. Click Here to get the full Stock Report for Skillful Craftsman Education Tchnlgy Ltd stock.