In a filing, Assembly Biosciences Inc. revealed its CEO and President Okazaki Jason A unloaded Company’s shares for reported $12867.0 on Aug 02. In the deal valued at $1.09 per share,11,827 shares were sold. As a result of this transaction, Okazaki Jason A now holds 164,786 shares worth roughly $ 0.16 million.
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Then, Delaney William E IV sold 9,461 shares, generating $10,293 in total proceeds. Upon selling the shares at $1.09, the Chief Scientific Officer now owns 142,744 shares.
Before that, Bjorkquist Jeanette M sold 844 shares. Assembly Biosciences Inc. shares valued at $900 were divested by the Principal Accounting Officer at a price of $1.07 per share. As a result of the transaction, Bjorkquist Jeanette M now holds 26,688 shares, worth roughly $26154.239999999998.
H.C. Wainwright initiated its Assembly Biosciences Inc. [ASMB] rating to a Neutral in a research note published on Friday, September 13, 2021; the price target was $3.50. PT values the company’s stock at a premium of 72.0 to its Friday closing price.
Price Performance Review of ASMB
On Friday, Assembly Biosciences Inc. [NASDAQ:ASMB] saw its stock fall -1.00% to $0.98. On the same session, the stock had its day’s lowest price of $0.93, but rose to a high of $1.05. Over the last five days, the stock has gained 9.78%. Assembly Biosciences Inc. shares have fallen nearly -24.62% since the year began. Nevertheless, the stocks have fallen -47.59% over the past one year. While a 52-week high of $2.20 was reached on 02/02/23, a 52-week low of $0.77 was recorded on 03/30/23. SMA at 50 days reached $1.0451, while 200 days put it at $1.1850. A total of 0.14 million shares were traded, compared to the trading of 0.13 million shares in the previous session.
Levels Of Support And Resistance For ASMB Stock
The 24-hour chart illustrates a support level at 0.9233, which if violated will result in even more drops to 0.8667. On the upside, there is a resistance level at 1.0433. A further resistance level may holdings at 1.1067. The Relative Strength Index (RSI) on the 14-day chart is 48.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0371, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.00%. Stochastics %K at 63.15% indicates the stock is a holding.
How much short interest is there in Assembly Biosciences Inc.?
A steep rise in short interest was recorded in Assembly Biosciences Inc. stocks on Aug 14, 2023, dropping by 6160.0 shares to a total of 0.16 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.16 million shares. There was a decline of -3.89%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.30% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.59.
According to FactSet, Assembly Biosciences Inc.’s share price will average $3.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 203.03 percent from its previous closing price of $0.99. Analysts expect Assembly Biosciences Inc. stock to reach the higher price of $3.00, while the lowest price estimate is $3.00. However, 3 analysts have rated ASMB stock as an Overweight in their predictions for 2023.