Where Will Parts Id Inc (ID) Stock Go Next After It Has Fallen 21.14% in a Week?

Thursday, October 20, 2022 03:03 PM | InvestorsObserver Analysts

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Where Will Parts Id Inc (ID) Stock Go Next After It Has Fallen 21.14% in a Week?

Parts Id Inc (ID) stock has fallen 21.14% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

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

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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. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With ID Stock Today?

Parts Id Inc (ID) stock is trading at $1.38 as of 3:02 PM on Thursday, Oct 20, a drop of -$0.35, or -20.23% from the previous closing price of $1.73. The stock has traded between $1.16 and $1.50 so far today. Volume today is above average. So far 165,961 shares have traded compared to average volume of 29,177 shares. To screen for more stocks like Parts Id Inc click here.

More About Parts Id Inc

PARTS iD Inc is a technology-driven, digital commerce company focused on online retailer of automotive parts, components, and accessories. The product portfolio includes interior products, exterior products, wheels, body parts, audio & electronics, automotive tools, and other related products. Click Here to get the full Stock Report for Parts Id Inc stock.