The market has been high on LMP Automotive Holdings Inc (LMPX) stock recently. LMPX gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
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 LMPX Stock Today?
LMP Automotive Holdings Inc (LMPX) stock is higher by 3.4% while the S&P 500 is flat 0% as of 3:28 PM on Friday, Nov 6. LMPX has risen $0.87 from the previous closing price of $25.57 on volume of 397,069 shares. Over the past year the S&P 500 is higher by 12.61% while LMPX has risen 393.28%. LMPX lost -$0.25 per share in the over the last 12 months.
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More About LMP Automotive Holdings Inc
LMP Automotive Holdings Inc is e-commerce and facilities-based retail platform for consumers who desire to buy, sell, rent, subscribe for or finance pre-owned and new automobiles. Its business model is described as Buy, Rent or Subscribe, Sell and Repeat. The company offer sales of pre-owned automobiles, and rentals and subscriptions for both pre-owned and new automobiles.
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