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 TENX Stock Today?
Tenax Therapeutics Inc (TENX) stock is down -5.08% while the S&P 500 has risen 0.21% as of 10:40 AM on Wednesday, Mar 22. TENX is down -$0.03 from the previous closing price of $0.63 on volume of 3,878,754 shares. Over the past year the S&P 500 is down -10.08% while TENX is down -95.26%. TENX lost -$0.48 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for Tenax Therapeutics Inc click here.
More About Tenax Therapeutics Inc
Tenax Therapeutics, Inc., is a specialty pharmaceutical company focused on identifying, developing, and commercializing products that address cardiovascular and pulmonary diseases with high unmet medical need. The Company has a world-class scientific advisory team including recognized global experts in pulmonary hypertension. The Company owns North American rights to develop and commercialize levosimendan and has recently released topline data regarding their Phase 2 clinical trial for the use of levosimendan in the treatment of Pulmonary Hypertension associated with Heart Failure and preserved Ejection Fraction (PH-HFpEF). For more information, visit www.tenaxthera.com.
Click Here to get the full Stock Report for Tenax Therapeutics Inc stock.
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