Where Will Brightcove Inc (BCOV) Stock Go Next After It Is Down 11.12% in a Week?

The market has been high on Brightcove Inc (BCOV) stock recently. BCOV gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Brightcove Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on BCOV!

See Full BCOV Report

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. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With BCOV Stock Today?

Brightcove Inc (BCOV) stock is down -14.4% while the S&P 500 has risen 0.36% as of 10:04 AM on Thursday, Jul 29. BCOV is down -$1.89 from the previous closing price of $13.16 on volume of 208,155 shares. Over the past year the S&P 500 is up 37.22% while BCOV has risen 9.52%. BCOV earned $0.17 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 66.24.

More About Brightcove Inc

Brightcove Inc is a provider of cloud-based services for the video ecosystem. The firm targets its solutions at media companies, broadcasters, publishers, and corporations. Brightcove Video Cloud is the firm's flagship product, enabling customers to publish and distribute video to Internet-connected devices. Video Cloud generates a significant portion of the firm's revenue through a subscription-based software-as-a-service model. Other products include Zencoder, a cloud-based video encoding service. It generates a large majority of its revenue in North America and Asia. Click Here to get the full Stock Report for Brightcove Inc stock.