Nextplay Technologies Inc (NXTP) stock has risen 25.11% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. 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 NXTP Stock Today?
Nextplay Technologies Inc (NXTP) stock is trading at $2.94 as of 10:48 AM on Friday, Oct 15, an increase of $0.04, or 1.36% from the previous closing price of $2.90. Volume today is elevated. So far 3,571,515 shares have traded compared to average volume of 2,364,793 shares. The stock has traded between $2.83 and $3.12 so far today.
More About Nextplay Technologies Inc
Monaker Group, Inc., is an innovative technology-driven company building a next-generation company through acquisition and organic growth, leveraging the strengths and channels of our existing technologies with those that we acquire, creating synergy and opportunity in the leisure space. Monaker Group is a party to a definitive agreement (subject to closing conditions, including shareholder approval for the transaction) to acquire HotPlay Enterprise Limited, an innovative in-game advertising and AdTech company. Following the completion of the proposed HotPlay acquisition, Monaker Group plans to transform into NextPlay Technologies, an innovative global technology company focused on consumer engaging products in the video gaming and travel verticals with innovative Ad Tech and Blockchain solutions. Click Here to get the full Stock Report for Nextplay Technologies Inc stock.
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