Overall market sentiment has been down on Guardion Health Sciences Inc (GHSI) stock lately. GHSI receives a Bearish rating from InvestorsObserver’s Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
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 GHSI Stock Today?
Guardion Health Sciences Inc (GHSI) stock is trading at $0.19 as of 3:25 PM on Thursday, Oct 29, an increase of $0.01, or 4.42% from the previous closing price of $0.18. The stock has traded between $0.17 and $0.20 so far today. Volume today is 4,378,068 compared to average volume of 3,862,521.
More About Guardion Health Sciences Inc
Guardion Health Sciences Inc is a specialty health sciences company formed to develop, formulate and distribute condition-specific medical foods with an initial medical food product. The company’s Lumega-Z, is a micronized lipid-base nutritional formulation designed to restore and maintain the condition of a depleted macular pigment. It has also developed GlaucoCetin, the first regulated vision-specific Medical Food designed to support and protect the mitochondrial function of optic nerve cells in patients with glaucoma.