Buying Buzz: Stabilis Solutions Inc. [SLNG] Director KUNTZ EDWARD L purchases 5,006 shares of the company

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. Stabilis Solutions Inc. shares valued at $21,876 were purchased by KUNTZ EDWARD L on Aug 15. At $4.37 per share, KUNTZ EDWARD L acquired 5,006 shares. The insider’s holdings grew to 39,172 shares worth approximately $0.35 million following the completion of this transaction.

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Also, Puhala Andrew Lewis purchased 423 shares, netting a total of over 1,734 in proceeds. Following the buying of shares at $4.10 each, the insider now holds 15,707 shares.

Before that, KUNTZ EDWARD L had added 1,000 shares to its account. In a trade valued at $4,160, the Director bought Stabilis Solutions Inc. shares for $4.16 each. Upon closing the transaction, the insider’s holdings increased to 1,000 shares, worth approximately $0.3 million.

Analyzing SLNG’s Price Performance

On Wednesday, Stabilis Solutions Inc. [NASDAQ: SLNG] rose 73.67% to $8.84. The stock’s lowest price that day was $5.2932, but it reached a high of $12.3199 in the same session. During the last five days, there has been a surge of approximately 70.33%. Over the course of the year, Stabilis Solutions Inc. shares have jumped approximately 108.98%. Shares of the company reached a 52-week high of $12.32 on 09/21/22 and a 52-week low of $2.98 on 01/24/22. A 50-day SMA is recorded $4.75, while a 200-day SMA reached $4.60. Nevertheless, trading volume fell to 21.17 million shares from 10800.0 shares the previous day.

Support And Resistance Levels for Stabilis Solutions Inc. (SLNG)

According to the 24-hour chart, there is a support level at 5.32, which, if violated, would cause prices to drop to 1.79. In the upper region, resistance lies at 12.34. The next price resistance is at 15.84. RSI (Relative Strength Index) is 82.34 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.75, which suggests the price will decrease in the coming days. Percent R is at 45.97%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Stabilis Solutions Inc. subject to short interest?

Stocks of Stabilis Solutions Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by 1670.0 shares to 2830.0. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 4500.0 shares. A decline of -59.01% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 0.85 of the overall float, the days-to-cover ratio (short ratio) decline to 0.85.

Which companies own the most shares of Stabilis Solutions Inc. (SLNG)?

According to Tieton Capital Management LLC filings, the company currently owns 192,619 shares, which is about 1.05% of the total SLNG shares outstanding. The investor’s shares have plunged by -1,545 from its previous 13-F filing of 194164.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $321,328. In its current portfolio, Tower Research Capital LLC holds 2,393 shares valued at $11422.0.

In terms of Stabilis Solutions Inc. share price expectations, FactSet research, analysts set an average price target of $8.00 in the next 12 months, up nearly 57.17% from the previous closing price of $5.09. Analysts anticipate Stabilis Solutions Inc. stock to reach $8.00 by 2022, with the lowest price target being $8.00. In spite of this, 1 analysts ranked Stabilis Solutions Inc. stock as a Buy at the end of 2022.


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