Overall market sentiment has been high on Synlogic Inc (SYBX) stock lately. SYBX receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Synlogic Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SYBX!
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 SYBX Stock Today?
Synlogic Inc (SYBX) stock is trading at $2.22 as of 10:35 AM on Wednesday, Nov 8, a rise of $0.15, or 7.25% from the previous closing price of $2.07. The stock has traded between $2.09 and $2.29 so far today. Volume today is light. So far 7,664 shares have traded compared to average volume of 58,969 shares.
To see InvestorsObserver's Sentiment Score for Synlogic Inc click here.
More About Synlogic Inc
Synlogic Inc is a biopharmaceutical company focused on the discovery and development of Synthetic Biotic medicines which are designed to metabolize a toxic substance, compensate for missing or damaged metabolic pathways, or deliver combinations of therapeutic factors. Synthetic Biotic medicines are generated from the company's proprietary drug discovery and development platform, using Synthetic Biology and leveraging a reproducible, modular approach to develop beneficial microbes that perform or deliver critical therapeutic functions. Its key product candidate is SYNB1618, an oral therapy intended for the treatment of PKU, a rare metabolic disease in which an amino acid known as phenylalanine accumulates in the body as a result of genetic defects.
Click Here to get the full Stock Report for Synlogic Inc stock.
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