The market has been down on Cadiz Inc (CDZI) stock recently. CDZI gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.
Cadiz Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CDZI!
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
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 CDZI Stock Today?
Cadiz Inc (CDZI) stock is trading at $3.24 as of 1:48 PM on Friday, Jan 14, a loss of -$0.16, or -4.71% from the previous closing price of $3.40. The stock has traded between $3.15 and $3.37 so far today. Volume today is light. So far 110,664 shares have traded compared to average volume of 371,580 shares.
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More About Cadiz Inc
Cadiz Inc is a land and water resource development company in California. Its primary business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage, and agriculture. The company focuses on the development of the Cadiz Valley Water Conservation, Recovery and Storage Project which will capture and conserve native groundwater currently being lost to evaporation from the aquifer system beneath the property of Cadiz and Fenner valleys of eastern San Bernardino County, and deliver it to water providers throughout Southern California.
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