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. MIND Technology Inc. shares valued at $21,437 were purchased by BLUM PETER H on Jun 16. At $12.64 per share, BLUM PETER H acquired 1,696 shares. The insider’s holdings grew to 1,696 shares worth approximately $1441.6 following the completion of this transaction.
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Also, BLUM PETER H purchased 50,000 shares, netting a total of over 75,000 in proceeds. Following the buying of shares at $1.50 each, the insider now holds 699,528 shares.
Before that, BLUM PETER H had added 10,000 shares to its account. In a trade valued at $17,200, the Director bought MIND Technology Inc. shares for $1.72 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $0.55 million.
As published in a research note from Sidoti on September 23, 2015, MIND Technology Inc. [MIND] has been rated up from a Neutral to a Buy. Analysts at Global Hunter Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Accumulate”‘ outlook in a report released in mid May. As of July 13, 2011, Global Hunter Securities has reiterated its “Buy” rating for MIND. Earlier on June 08, 2011, Global Hunter Securities resumed its rating. Their recommendation was “a Buy” for MIND stock.
Analyzing MIND’s Price Performance
On Wednesday, MIND Technology Inc. [NASDAQ: MIND] plunged -4.07% to $0.85. The stock’s lowest price that day was $0.811, but it reached a high of $0.8982 in the same session. During the last five days, there has been a drop of approximately -7.88%. Over the course of the year, MIND Technology Inc. shares have dropped approximately -49.91%. Shares of the company reached a 52-week high of $1.7500 on 01/03/22 and a 52-week low of $0.8000 on 06/09/22. A 50-day SMA is recorded $1.0377, while a 200-day SMA reached $1.4071. Nevertheless, trading volume fell to 83115.0 shares from 44900.0 shares the previous day.
Support And Resistance Levels for MIND Technology Inc. (MIND)
According to the 24-hour chart, there is a support level at 0.8051, which, if violated, would cause prices to drop to 0.7644. In the upper region, resistance lies at 0.8923. The next price resistance is at 0.9388. RSI (Relative Strength Index) is 36.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0977, which suggests the price will decrease in the coming days. Percent R is at 84.24%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Which companies own the most shares of MIND Technology Inc. (MIND)?
According to The Vanguard Group, Inc. filings, the company currently owns 610,380 shares, which is about 4.43% of the total MIND shares outstanding. The investor’s shares have plunged by -67,180 from its previous 13-F filing of 677560.0 shares. With the completion of the sale, Renaissance Technologies LLC’s stake is now worth $507,622. White Pine Capital LLC reduced a -5.03% interest valued at $0.34 million while BlackRock Fund Advisors sold a -1,521 stake. A total of 0 shares of MIND Technology Inc. were sold by RBF Capital LLC during the quarter, and 0 were sold by Bridgeway Capital Management LLC. In its current portfolio, ARS Investment Partners LLC holds 118,469 shares valued at $0.11 million.
In terms of MIND Technology Inc. share price expectations, FactSet research, analysts set an average price target of $2.00 in the next 12 months, up nearly 127.27% from the previous closing price of $0.88. Analysts anticipate MIND Technology Inc. stock to reach $2.00 by 2022, with the lowest price target being $2.00. In spite of this, 1 analysts ranked MIND Technology Inc. stock as a Hold at the end of 2022. On April 07, 2011, Global Hunter Securities assigned a price target of “a Buy” to the stock and upgraded coverage with a $18.