The market has been down on Velodyne Lidar Inc (VLDR) stock recently. VLDR gets a Bearish score 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 VLDR Stock Today?
Velodyne Lidar Inc (VLDR) stock is trading at $12.80 as of 10:18 AM on Thursday, Apr 15, a gain of $0.04, or 0.31% from the previous closing price of $12.76. The stock has traded between $12.76 and $13.29 so far today. Volume today is below average. So far 466,805 shares have traded compared to average volume of 4,620,984 shares.
To see InvestorsObserver's Sentiment Score for Velodyne Lidar Inc click here.
More About Velodyne Lidar Inc
Velodyne Lidar Inc provides sensor technologies for autonomous vehicles. It provides lidar solutions for autonomous vehicles, driver assistance, delivery solutions, robotics, navigation, and mapping. The product portfolio includes surround sensors, directional sensors, close-range sensors, and other related software.
Click Here to get the full Stock Score Report on Velodyne Lidar Inc (VLDR) Stock.
