Where Will DavidsTea Inc (DTEA) Stock Go Next After It Is Down 1.54% in a Week?

Friday, September 24, 2021 02:32 PM | InvestorsObserver Analysts

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Where Will DavidsTea Inc (DTEA) Stock Go Next After It Is Down 1.54% in a Week?

Overall market sentiment has been down on DavidsTea Inc (DTEA) stock lately. DTEA receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

DavidsTea Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on DTEA!

See Full DTEA Report

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. 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 DTEA Stock Today?

DavidsTea Inc (DTEA) stock is unmoved -0.2% while the S&P 500 has fallen -0.06% as of 2:27 PM on Friday, Sep 24. DTEA is unchanged $0.00 from the previous closing price of $2.56 on volume of 51,549 shares. Over the past year the S&P 500 has gained 37.36% while DTEA is higher by 158.59%. DTEA earned $1.87 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 1.36.

More About DavidsTea Inc

DAVIDsTEA Inc is a company functional in Canada's packaged foods market. Operating as a branded retailer of different types of tea, the company primarily serves through DAVIDsTEA stores and its website, davidstea.com. Its business involves the sale of three main products; Tea, Tea Accessories and Food and Beverages. Tea products such as loose-leaf teas, pre-packaged teas, and tea sachets account for the majority of the company's sales. Additionally, it sells Tea Accessories such as tea mugs, travel mugs, teacup sets, teapots, tea makers, kettles and Beverages ranging from the standard hot or iced tea to tea lattes. The company geographical segment includes Canada and the United States of which Canada generates a majority revenue. Click Here to get the full Stock Report for DavidsTea Inc stock.