Sunday, June 26, 2022

Good Times Restaurants Inc. [GTIM] stock for 2,700 USD was purchased by Zink Ryan M

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. Good Times Restaurants Inc. shares valued at $2,700 were purchased by Zink Ryan M on Jun 17. At $2.70 per share, Zink Ryan M acquired 1,000 shares. The insider’s holdings grew to 119,030 shares worth approximately $0.33 million following the completion of this transaction.


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Also, Zink Ryan M purchased 240 shares, netting a total of over 636 in proceeds. Following the buying of shares at $2.65 each, the insider now holds 118,030 shares.

Before that, Zink Ryan M had added 1,400 shares to its account. In a trade valued at $3,736, the CEO and Director bought Good Times Restaurants Inc. shares for $2.67 each. Upon closing the transaction, the insider’s holdings increased to 1,400 shares, worth approximately $0.32 million.

As published in their initiating research note from Maxim Group on June 22, 2017, Good Times Restaurants Inc. [GTIM] has been a Buy and the price target has been revised to $6. This represents a 54.33% premium over Wednesday’s closing price. Analysts at Craig Hallum upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early September. As of May 14, 2015, Craig Hallum has decreased its “Buy” rating to a “Hold” for GTIM. Earlier on February 17, 2015, ROTH Capital resumed its rating. Their recommendation was “a Buy” for GTIM stock.

Analyzing GTIM’s Price Performance

On Wednesday, Good Times Restaurants Inc. [NASDAQ: GTIM] rose 1.11% to $2.74. The stock’s lowest price that day was $2.6202, but it reached a high of $2.77 in the same session. During the last five days, there has been a drop of approximately -2.14%. Over the course of the year, Good Times Restaurants Inc. shares have dropped approximately -36.87%. Shares of the company reached a 52-week high of $4.96 on 01/06/22 and a 52-week low of $2.44 on 05/11/22. A 50-day SMA is recorded $3.03, while a 200-day SMA reached $4.16. Nevertheless, trading volume fell to 7573.0 shares from 16400.0 shares the previous day.

Support And Resistance Levels for Good Times Restaurants Inc. (GTIM)

According to the 24-hour chart, there is a support level at 2.65, which, if violated, would cause prices to drop to 2.56. In the upper region, resistance lies at 2.80. The next price resistance is at 2.86. RSI (Relative Strength Index) is 43.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.17, which suggests the price will decrease in the coming days. Percent R is at 80.82%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

In terms of Good Times Restaurants Inc. share price expectations, FactSet research, analysts set an average price target of $5.00 in the next 12 months, up nearly 84.5% from the previous closing price of $2.71. Analysts anticipate Good Times Restaurants Inc. stock to reach $5.00 by 2022, with the lowest price target being $5.00. In spite of this, 1 analysts ranked Good Times Restaurants Inc. stock as a Buy at the end of 2022.

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