Owlet Inc.’s recently made public that its Chief Executive Officer Workman Kurt acquired Company’s shares for reported $46366.0 on Mar 16. In the deal valued at $2.84 per share,16,326 shares were bought. As a result of this transaction, Workman Kurt now holds 2,117,349 shares worth roughly $ 4.34 million.
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Then, Workman Kurt bought 15,169 shares, generating $35,192 in total proceeds. Upon buying the shares at $2.32, the Chief Executive Officer now owns 2,101,023 shares.
Before that, Workman Kurt bought 2,152 shares. Owlet Inc. shares valued at $4,820 were divested by the Chief Executive Officer at a price of $2.24 per share. As a result of the transaction, Workman Kurt now holds 2,085,854 shares, worth roughly $4.28 million.
Taking this into account, BofA Securities downgraded its Owlet Inc. [OWLT] rating to a Neutral from a a Buy in a research note published on Tuesday, October 05, 2021; the price target was decreased to $5.50 from $8.50. PT values the company’s stock at a premium of 62.73 to its Tuesday closing price. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in early September with a ‘”a Buy”‘ rating. Citigroup began covering OWLT with a “Neutral” recommendation on August 05, 2021. Cowen started covering the stock on July 26, 2021. It rated OWLT as “an Outperform”.
Price Performance Review of OWLT
On Tuesday, Owlet Inc. [NYSE:OWLT] saw its stock fall -12.39% to $2.05. On the same session, the stock had its day’s lowest price of $2.00, but rose to a high of $2.42. Over the last five days, the stock has gained 12.64%. Owlet Inc. shares have fallen nearly -23.22% since the year began. Nevertheless, the stocks have fallen -79.46% over the past one year. While a 52-week high of $11.43 was reached on 06/06/22, a 52-week low of $1.59 was recorded on 02/22/22. SMA at 50 days reached $3.67, while 200 days put it at $3.56. A total of 0.73 million shares were traded, compared to the trading of 0.45 million shares in the previous session.
Levels Of Support And Resistance For OWLT Stock
The 24-hour chart illustrates a support level at 1.89, which if violated will result in even more drops to 1.74. On the upside, there is a resistance level at 2.31. A further resistance level may holdings at 2.58. The Relative Strength Index (RSI) on the 14-day chart is 33.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.22%. Stochastics %K at 12.24% indicates the stock is a buying.
How much short interest is there in Owlet Inc.?
A steep rise in short interest was recorded in Owlet Inc. stocks on Apr 28, 2022, growing by 90000.0 shares to a total of 1.38 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 1.29 million shares. There was a rise of 6.52%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.71% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.41.
Owlet Inc. [OWLT] – Who Are The Largest Shareholders?
At present, BlackRock Fund Advisors is holding 1,049,506 shares valued at $5.04 million. Balyasny Asset Management LP owned 738,636 shares of the company at the time of its most recent 13F filing, worth $3.55 million.
According to FactSet, Owlet Inc.’s share price will average $4.58 in the next year, based on opinions of analysts polled by the firm. This is up nearly 92.31 percent from its previous closing price of $2.34. Analysts expect Owlet Inc. stock to reach the higher price of $6.00, while the lowest price estimate is $3.25. However, 3 analysts have rated OWLT stock as an Overweight in their predictions for 2022.