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What is the Market's View on Toughbuilt Industries Inc (TBLT) Stock's Price and Volume Trends Monday?

Monday, January 09, 2023 02:45 PM | InvestorsObserver Analysts

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What is the Market's View on Toughbuilt Industries Inc (TBLT) Stock's Price and Volume Trends Monday?

Overall market sentiment has been neutral on Toughbuilt Industries Inc (TBLT) stock lately. TBLT receives a Neutral rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,neutral
Toughbuilt Industries Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on TBLT!

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. 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 TBLT Stock Today?

Toughbuilt Industries Inc (TBLT) stock is trading at $2.26 as of 2:41 PM on Monday, Jan 9, a rise of $0.11, or 5.12% from the previous closing price of $2.15. The stock has traded between $2.14 and $2.32 so far today. Volume today is above average. So far 1,105,363 shares have traded compared to average volume of 647,935 shares. To see InvestorsObserver's Sentiment Score for Toughbuilt Industries Inc click here.

More About Toughbuilt Industries Inc

ToughBuilt Industries Inc designs and distributes home improvement and construction product lines under the brand name TOUGHBUILT. Its major categories contain a total of approximately 11 product lines, consisting of Soft Goods, which includes kneepads, tool bags, pouches and tool belts; Metal Goods, which consists of sawhorses, tool stands and workbench and; Utility Products, which includes utility knives, aviation snips, shears, lasers and levels. Geographically, the group derives revenue from Australia, Canada, Europe, USA and other countries, of which prime revenue is derived from the USA. Click Here to get the full Stock Report for Toughbuilt Industries Inc stock.

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