Jul 15, 2022 - Jack Dalton
As we have seen over the past couple of years, there were a good handful of "Social Sentiment Stocks" like GME and AMC that skyrocketed based almost solely on social sentiment. As a result of this, many people have started to pay attention to the social sentiment behind stocks.
Out of the several ToughBuilt Industries, Inc. (TBLT) stock discussions available for investors to share their opinions and discuss their favorite stocks, there are 2 stock discussion forums that influence TBLT's social sentiment more than any others. These 2 stock discussion forums include TBLT Stocktwits and TBLT Twitter.
The Utradea Social Sentiment Dashboard allows you to track real-time trends and insights for ToughBuilt Industries, Inc. discussions and ToughBuilt Industries, Inc. conversations.
Here are the latest analytics from the TBLT Stocktwits forum (over the last 24hrs):
Sentiment in the TBLT Stocktwits community has skyrocketed over the past 24 hours, with huge increases in all 3 measures of social sentiment. Over the past 24 hours, there have not been any news or SEC filings released, so this large increase in TBLT sentiment does not make too much sense at first glance. However, TBLT's most recent SEC filing was released on July 11th, 2022 (4 days ago), which stated that ToughBuilt's sales for the first 6 months of 2022 were 24% higher than they were in the first half of 2021. This news has caused the TBLT stock to increase by over 18% in those 4 days. However, yesterday the TBLT stock was up over 10%, and in today's premarket trading the TBLT stock is up over 22%. These large (and recent) increases in the TBLT stock price are most likely the factor that is increasing their sentiment, and I believe that these increases are a late response (result) to their recent 8-K filing with the SEC.
Here are the latest analytics from the TBLT Twitter community (over the last 24hrs):
As you can see the increases in both the posting volume and likes within the TBLT Twitter community are comparable to the increases experienced within the TBLT Stocktwits community. However, the increase in impressions in the TBLT Twitter community is far larger than that of the increase in impressions experienced in the TBLT Stocktwits community. This is very important to note as impressions are the most important/influential measure of social sentiment, as they are a proxy for the amount of attention being drawn to the TBLT stock. One possible reason for this huge increase in impressions (compared to their other increases) is the amount of large Twitter accounts posting about the TBLT stock.
Here is a count of “whale” accounts that are active on TBLT Twitter (over the past 72 hrs):
Having these large Twitter accounts posting about the TBLT can help to generate a large number of impressions for the TBLT stock on Twitter in just one post. Furthermore, all of the accounts with over 100k+ followers tweeted about TBLT's massive post-market (yesterday) and pre-market (today) moves. This is important as the increase in Twitter impressions is measured over a 24-hour period, and the majority of large Twitter accounts that posted about TBLT have been within this 24-hour range.
Overall, investors are very active on the TBLT Stocktwits and TBLT Twitter Forum. Being able to quickly gain insights into a stock's social sentiment has proven to be beneficial for modern investors. We suggest getting familiar with the Utradea Social Sentiment Dashboard, as it is a quick way to stay up-to-date with social sentiment across a wide variety of stocks.