Sumo Logic Sees Unusually-High Trading Volume
SUMODelisted Stock | USD 12.04 0.00 0.00% |
About 56% of Sumo Logic's investor base is looking to short. The analysis of current outlook of investing in Sumo Logic suggests that many traders are alarmed regarding Sumo Logic's prospects. Sumo Logic's investing sentiment overview a quick insight into current market opportunities from investing in Sumo Logic. Many technical investors use Sumo Logic stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Sumo |
Shares of Sumo Logic, Inc. saw strong trading volume on Thursday . 2,075,732 shares changed hands during trading, an increase of 2 percent from the previous sessions volume of 2,038,283 shares.The stock last traded at 11.87 and had previously closed at 12.18. Analysts Set New Price Targets Several equities analysts recently issued
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Sumo Logic Fundamental Analysis
We analyze Sumo Logic's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sumo Logic using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sumo Logic based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Retained Earnings
Retained Earnings Comparative Analysis
Sumo Logic is currently under evaluation in retained earnings category among its peers. Retained Earnings is a balance sheet account that refers to the portion of company income that is retained by the firm. In other words, it is a part of earnings that is not paid out as dividends or otherwise distributed to owners. Retained Earnings are calculated by adding net income to last period retained earnings and subtracting any dividends paid to owners.
Sumo Logic Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Sumo Logic stock to make a market-neutral strategy. Peer analysis of Sumo Logic could also be used in its relative valuation, which is a method of valuing Sumo Logic by comparing valuation metrics with similar companies.
Peers
Sumo Logic Related Equities
PAGS | PagSeguro Digital | 3.54 | ||||
PATH | Uipath | 2.18 | ||||
CSGS | CSG Systems | 1.64 | ||||
NTNX | Nutanix | 1.33 | ||||
ZS | Zscaler | 0.93 | ||||
IIIV | I3 Verticals | 0.93 | ||||
RELY | Remitly Global | 0.92 | ||||
PANW | Palo Alto | 0.61 | ||||
EVCM | EverCommerce | 0.58 | ||||
ACIW | ACI Worldwide | 0.56 | ||||
CRWD | Crowdstrike Holdings | 0.24 | ||||
DAVA | Endava | 0.07 | ||||
SCWX | Secureworks Corp | 0.12 | ||||
INFA | Informatica | 0.34 | ||||
AVDX | AvidXchange Holdings | 0.61 | ||||
GB | Global Blue | 10.57 |
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Other Consideration for investing in Sumo Stock
If you are still planning to invest in Sumo Logic check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Sumo Logic's history and understand the potential risks before investing.
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