Silk Road Medical Inc’s filing revealed that its Director WEATHERMAN ELIZABETH H unloaded Company’s shares for reported $0.25 million on Feb 15. In the deal valued at $49.86 per share,5,000 shares were sold. As a result of this transaction, WEATHERMAN ELIZABETH H now holds 154,454 shares worth roughly $ 8.18 million.
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Then, Rogers Erica J. sold 6,000 shares, generating $305,627 in total proceeds. Upon selling the shares at $50.94, the President and CEO now owns 246,199 shares.
Before that, Chou Tony M. sold 13,008 shares. Silk Road Medical Inc shares valued at $715,440 were divested by the Director at a price of $55.00 per share. As a result of the transaction, Chou Tony M. now holds 75,707 shares, worth roughly $4.01 million.
Wolfe Research downgraded its Silk Road Medical Inc [SILK] rating to a Peer perform from a an Outperform in a research note published on Tuesday. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in late November with a ‘”a Buy”‘ rating. Citigroup also remained covering SILK and has decreased its forecast on July 11, 2022 with a “Sell” recommendation from previously “Neutral” rating. Wolfe Research started covering the stock on April 06, 2022. It rated SILK as “an Outperform”.
Price Performance Review of SILK
On Tuesday, Silk Road Medical Inc [NASDAQ:SILK] saw its stock fall -0.77% to $52.99. On the same session, the stock had its day’s lowest price of $52.675, but rose to a high of $54.69. Over the last five days, the stock has gained 2.53%. Silk Road Medical Inc shares have risen nearly 0.26% since the year began. Nevertheless, the stocks have risen 48.97% over the past one year. While a 52-week high of $58.04 was reached on 01/13/23, a 52-week low of $27.30 was recorded on 02/10/23. SMA at 50 days reached $53.01, while 200 days put it at $45.12. A total of 0.73 million shares were traded, compared to the trading of 0.42 million shares in the previous session.
Levels Of Support And Resistance For SILK Stock
The 24-hour chart illustrates a support level at 52.21, which if violated will result in even more drops to 51.44. On the upside, there is a resistance level at 54.23. A further resistance level may holdings at 55.47. The Relative Strength Index (RSI) on the 14-day chart is 51.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.42, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 25.84%. Stochastics %K at 79.37% indicates the stock is a holding.
How much short interest is there in Silk Road Medical Inc?
A steep rise in short interest was recorded in Silk Road Medical Inc stocks on Jan 12, 2023, growing by 0.14 million shares to a total of 2.65 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 2.51 million shares. There was a rise of 5.28%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.91% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.93.
Silk Road Medical Inc [SILK] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 3,468,089 shares, or roughly 9.10% of the outstanding SILK shares. In other words, the investor’s shares have risen by 359,779 from its previous 13-F filing of 3108310.0. Additionally, Wasatch Advisors, Inc. decreased -12.40% of its stake after which the total value it holdings stand at $166,512,345, while Capital Research & Management Co added 6.27% of its stake to hold $161.27 million in the firm. Over the last quarter, AllianceBernstein LP sold -721,783 shares of Silk Road Medical Inc, while BlackRock Fund Advisors sold 221,237 shares. At present, ClearBridge Investments LLC is holding 1,672,584 shares valued at $90.92 million. Deerfield Management Co. LP owned 1,396,640 shares of the company at the time of its most recent 13F filing, worth $75.92 million.
According to FactSet, Silk Road Medical Inc’s share price will average $53.00 in the next year, based on opinions of analysts polled by the firm. This is down nearly -6.37 percent from its previous closing price of $53.40. Analysts expect Silk Road Medical Inc stock to reach the higher price of $62.00, while the lowest price estimate is $43.00. However, 7 analysts have rated SILK stock as an Overweight in their predictions for 2023.