The market has been neutral on Otonomo Technologies Ltd (OTMO) stock recently. OTMO gets a Neutral score from InvestorsObserver Stock Sentiment Indicator.
Otonomo Technologies Ltd has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on OTMO!
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.
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 OTMO Stock Today?
Otonomo Technologies Ltd (OTMO) stock is trading at $1.13 as of 2:49 PM on Wednesday, Jun 29, a loss of -$0.02, or -1.74% from the previous closing price of $1.15. The stock has traded between $1.09 and $1.14 so far today. Volume today is low. So far 46,575 shares have traded compared to average volume of 598,102 shares.
To see InvestorsObserver's Sentiment Score for Otonomo Technologies Ltd click here.
More About Otonomo Technologies Ltd
Otonomo Technologies Ltd is a provider of vehicle data. It delivers the Otonomo Vehicle Data Platform and marketplace that enables car manufacturers, drivers, and service providers to be part of a connected ecosystem. Its vehicle data marketplace is a neutral intermediary between vehicle data providers and data consumers. It provides secure and equal access to hundreds of data attributes that reveal insights into driver behaviour, vehicle health, road hazards, environmental conditions, and traffic trends. Geographically it operates in APAC, and USA whilst earning key revenue from the EMEA region.
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