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Should You Buy Vision Marine Technologies Inc (VMAR) Stock on Wednesday?

Wednesday, August 10, 2022 02:09 PM | InvestorsObserver Analysts
Should You Buy Vision Marine Technologies Inc (VMAR) Stock on Wednesday?

Vision Marine Technologies Inc (VMAR) stock is down 2.18% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bearish
Vision Marine Technologies Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on VMAR!

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 VMAR Stock Today?

Vision Marine Technologies Inc (VMAR) stock is trading at $5.38 as of 2:02 PM on Wednesday, Aug 10, a loss of -$0.12, or -2.2% from the previous closing price of $5.50. The stock has traded between $5.36 and $5.59 so far today. Volume today is low. So far 8,714 shares have traded compared to average volume of 31,680 shares. To screen for more stocks like Vision Marine Technologies Inc click here.

More About Vision Marine Technologies Inc

Vision Marine Technologies Inc is engaged in designing and manufacturing electric outboard powertrain systems and related technology. The company manufactures hand-crafted, highly durable, low maintenance, environmentally-friendly electric recreational powerboats. Its manufacturing models of electric powerboats include Phoenix 290, Bruce 22, Volt 180, Fantail 217, and Quietude 156. The company's segment includes the Sale of electric boats and Rental of electric boat. It generates maximum revenue from the Sale of electric boats segment. Click Here to get the full Stock Report for Vision Marine Technologies Inc stock.

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