The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Intellicheck Inc. shares valued at $10,024 were purchased by Ishmael Jeffrey on Jun 21. At $1.73 per share, Ishmael Jeffrey acquired 5,800 shares. The insider’s holdings grew to 36,000 shares worth approximately $62640.0 following the completion of this transaction.
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Also, Lewis Bryan purchased 1,250 shares, netting a total of over 2,138 in proceeds. Following the buying of shares at $1.71 each, the insider now holds 263,216 shares.
Before that, Ishmael Jeffrey had added 17,700 shares to its account. In a trade valued at $30,565, the CFO bought Intellicheck Inc. shares for $1.73 each. Upon closing the transaction, the insider’s holdings increased to 17,700 shares, worth approximately $52548.0.
As published in a research note from Craig Hallum on November 11, 2021, Intellicheck Inc. [IDN] has been rated down from a Buy to a Hold and the price target has been revised to $8.50. This represents a 79.53% premium over Wednesday’s closing price. Analysts at DA Davidson started covering the stock with ‘”a Buy”‘ outlook in a report released in late July. As of June 18, 2021, Craig Hallum has initiated its “Buy” rating for IDN. Earlier on November 05, 2020, B. Riley Securities resumed its rating. Their recommendation was “a Buy” for IDN stock.
Analyzing IDN’s Price Performance
On Wednesday, Intellicheck Inc. [NASDAQ: IDN] plunged -1.14% to $1.74. The stock’s lowest price that day was $1.71, but it reached a high of $1.775 in the same session. During the last five days, there has been a surge of approximately 8.07%. Over the course of the year, Intellicheck Inc. shares have dropped approximately -62.34%. Shares of the company reached a 52-week high of $5.5700 on 01/04/22 and a 52-week low of $1.3300 on 05/12/22. A 50-day SMA is recorded $1.9443, while a 200-day SMA reached $4.6738. Nevertheless, trading volume fell to 87410.0 shares from 0.21 million shares the previous day.
Support And Resistance Levels for Intellicheck Inc. (IDN)
According to the 24-hour chart, there is a support level at 1.7083, which, if violated, would cause prices to drop to 1.6767. In the upper region, resistance lies at 1.7733. The next price resistance is at 1.8067. RSI (Relative Strength Index) is 45.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0439, which suggests the price will decrease in the coming days. Percent R is at 35.71%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Intellicheck Inc. subject to short interest?
Stocks of Intellicheck Inc. saw a sharp rise in short interest on Apr 28, 2022 jumping by 16530.0 shares to 0.22 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 0.21 million shares. A jump of 7.44% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.61 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.61.
Which companies own the most shares of Intellicheck Inc. (IDN)?
According to Bleichroeder LP filings, the company currently owns 2,073,583 shares, which is about 11.05% of the total IDN shares outstanding. The investor’s shares have plunged by 0 from its previous 13-F filing of 2073583.0 shares. With the completion of the sale, Clear Harbor Asset Management LLC’s stake is now worth $2,659,804. The Vanguard Group, Inc. reduced a 0.00% interest valued at $1.41 million while Heartland Advisors, Inc. sold a -100,000 stake. A total of 0 shares of Intellicheck Inc. were sold by Herald Investment Management Ltd. during the quarter, and 304,000 by Morgan Dempsey Capital Management. In its current portfolio, Ingalls & Snyder LLC holds 278,094 shares valued at $0.5 million.
In terms of Intellicheck Inc. share price expectations, FactSet research, analysts set an average price target of $3.50 in the next 12 months, up nearly 127.27% from the previous closing price of $1.76. Analysts anticipate Intellicheck Inc. stock to reach $4.00 by 2022, with the lowest price target being $2.00. In spite of this, 4 analysts ranked Intellicheck Inc. stock as an Overweight at the end of 2022. On November 02, 2020, H.C. Wainwright assigned a price target of “a Buy” to the stock and initiated coverage with a $12.