Where Will Semileds Corp (LEDS) Stock Go Next After It Is Up 31.53% in a Week?

The market has been neutral on Semileds Corp (LEDS) stock recently. LEDS gets a Neutral score from InvestorsObserver Stock Sentiment Indicator.

Semileds Corp has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on LEDS!

See Full LEDS Report

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. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With LEDS Stock Today?

Semileds Corp (LEDS) stock is trading at $2.67 as of 3:17 PM on Thursday, Jun 1, a rise of $0.13, or 5.11% from the previous closing price of $2.54. The stock has traded between $2.47 and $2.80 so far today. Volume today is low. So far 105,396 shares have traded compared to average volume of 341,149 shares.

More About Semileds Corp

SemiLEDs Corp develops, manufacture, and sells light-emitting diode chips and LED components. The company's products include LED Chips, LED Components, and Lighting Products. Its products are used for general lighting applications, that includes street lights and commercial, industrial, system and residential lighting; specialty industrial applications, such as ultraviolet, or Ultraviolet, curing of polymers, LED light therapy in medical/cosmetic applications, counterfeit detection, LED lighting for horticulture applications, architectural lighting and entertainment lighting. Substantial revenue is generated from the sale of LED components products. Geographically, it derives a majority of revenue from the United States. Click Here to get the full Stock Report for Semileds Corp stock.