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Where Will DavidsTea Inc (DTEA) Stock Go Next After It Is Lower By 10.73% in a Week?

Thursday, August 18, 2022 01:48 PM | InvestorsObserver Analysts
Where Will DavidsTea Inc (DTEA) Stock Go Next After It Is Lower By 10.73% in a Week?

The market has been down on DavidsTea Inc (DTEA) stock recently. DTEA gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

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

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. 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 DTEA Stock Today?

DavidsTea Inc (DTEA) stock is trading at $1.58 as of 12:45 PM on Thursday, Aug 18, an increase of $0.02, or 1.28% from the previous closing price of $1.56. The stock has traded between $1.54 and $1.62 so far today. Volume today is below average. So far 5,170 shares have traded compared to average volume of 38,631 shares.

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. Click Here to get the full Stock Report for DavidsTea Inc stock.

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