Overall market sentiment has been neutral on Timber Pharmaceuticals Inc (TMBR) stock lately. TMBR receives a Neutral rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
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 TMBR Stock Today?
Timber Pharmaceuticals Inc (TMBR) stock is trading at $2.39 as of 2:43 PM on Monday, Mar 1, a rise of $0.59, or 32.78% from the previous closing price of $1.80. The stock has traded between $1.90 and $2.40 so far today. Volume today is low. So far 4,514,216 shares have traded compared to average volume of 9,070,224 shares.
To screen for more stocks like Timber Pharmaceuticals Inc click here.
More About Timber Pharmaceuticals Inc
Timber Pharmaceuticals Inc is a biopharmaceutical company focused on the development and commercialization of treatments for orphan dermatologic diseases. The company's investigational therapies have proven mechanisms-of-action backed by decades of clinical experience and well-established CMC (chemistry, manufacturing and control) and safety profiles. It is initially focused on developing non-systemic treatments for rare dermatologic diseases including congenital ichthyosis (CI), tuberous sclerosis complex (TSC), and localized scleroderma. Its development pipeline includes TMB-001 (Topical Isotretinoin), TMB-002 (Topical Rapamycin), and TMB-003 (Topical / Subcutaneous ET-A Receptor Antagonist).
Click Here to get the full Stock Score Report on Timber Pharmaceuticals Inc (TMBR) Stock.
