The Attractiveness of Investing In Nu Skin Enterprises Inc. (NUS) is Growing


Nu Skin Enterprises Inc.’s recently made public that its Chief Accounting Officer Thomas James D unloaded Company’s shares for reported $0.12 million on Feb 23. In the deal valued at $41.12 per share,2,829 shares were sold. As a result of this transaction, Thomas James D now holds 17,928 shares worth roughly $ 0.74 million.

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Then, LIPMAN ANDREW D sold 1,000 shares, generating $41,420 in total proceeds. Upon selling the shares at $41.42, the Director now owns 64,393 shares.

Before that, Battle Emma S. sold 987 shares. Nu Skin Enterprises Inc. shares valued at $41,158 were divested by the Director at a price of $41.70 per share. As a result of the transaction, Battle Emma S. now holds 4,659 shares, worth roughly $0.19 million.

Jefferies downgraded its Nu Skin Enterprises Inc. [NUS] rating to a Hold from a a Buy in a research note published on Monday, January 31, 2023; the price target was decreased to $39 from $43. PT values the company’s stock at a premium of -6.41 to its Monday closing price. A number of analysts have revised their coverage, including DA Davidson’s analysts, who decreased its forecast for the stock in mid February from “a Buy” to “a Neutral”. BofA Securities also remained covering NUS and has increased its forecast on October 02, 2020 with a “Neutral” recommendation from previously “an Underperform” rating. Jefferies revised its rating on July 02, 2020. It rated NUS as “a Buy” which previously was an “a Hold”.

Price Performance Review of NUS

On Monday, Nu Skin Enterprises Inc. [NYSE:NUS] saw its stock jump 1.54% to $41.50. On the same session, the stock had its day’s lowest price of $40.75, but rose to a high of $41.65. Over the last five days, the stock has lost -5.14%. Nu Skin Enterprises Inc. shares have fallen nearly -1.57% since the year began. Nevertheless, the stocks have fallen -13.16% over the past one year. While a 52-week high of $51.79 was reached on 02/15/23, a 52-week low of $29.95 was recorded on 02/24/23. SMA at 50 days reached $42.45, while 200 days put it at $41.51. A total of 0.56 million shares were traded, compared to the trading of 0.37 million shares in the previous session.

Levels Of Support And Resistance For NUS Stock

The 24-hour chart illustrates a support level at 40.95, which if violated will result in even more drops to 40.40. On the upside, there is a resistance level at 41.85. A further resistance level may holdings at 42.20. The Relative Strength Index (RSI) on the 14-day chart is 44.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.97%. Stochastics %K at 19.65% indicates the stock is a buying.

How much short interest is there in Nu Skin Enterprises Inc.?

A steep rise in short interest was recorded in Nu Skin Enterprises Inc. stocks on Jan 12, 2023, dropping by -0.24 million shares to a total of 2.07 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 2.31 million shares. There was a decline of -11.59%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.74% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.3.

Nu Skin Enterprises Inc. [NUS] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 7,697,007 shares, or roughly 15.58% of the outstanding NUS shares. In other words, the investor’s shares have risen by 2,629,636 from its previous 13-F filing of 5067371.0. Additionally, SSgA Funds Management, Inc. decreased -21.99% of its stake after which the total value it holdings stand at $316,653,749, while The Vanguard Group, Inc. added 10.18% of its stake to hold $273.79 million in the firm. Over the last quarter, Wellington Management Co. LLP purchased 46,387 shares of Nu Skin Enterprises Inc., while Renaissance Technologies LLC bought -255,900 shares. At present, Dimensional Fund Advisors LP is holding 2,016,407 shares valued at $86.46 million. State Street Global Advisors Trus owned 1,532,176 shares of the company at the time of its most recent 13F filing, worth $65.7 million.

According to FactSet, Nu Skin Enterprises Inc.’s share price will average $40.00 in the next year, based on opinions of analysts polled by the firm. This is down nearly -4.58 percent from its previous closing price of $40.87. Analysts expect Nu Skin Enterprises Inc. stock to reach the higher price of $43.00, while the lowest price estimate is $38.00. However, 3 analysts have rated NUS stock as a Hold in their predictions for 2023.


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