SemiLEDs Corporation (LEDS) stock is higher by 109.81% over the past week and gets a Neutral rating from InvestorsObserver's 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.
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 Corporation (LEDS) stock is higher by 43.82% while the S&P 500 has fallen -0.34% as of 10:20 AM on Thursday, May 6. LEDS is up $2.41 from the previous closing price of $5.50 on volume of 6,635,828 shares. Over the past year the S&P 500 is higher by 44.79% while LEDS is up 299.49%. LEDS lost -$0.39 per share in the over the last 12 months.
More About SemiLEDs Corporation
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. Geographically, it derives a majority of revenue from the United States.