In a filing, Intevac Inc. revealed its Chief Financial Officer, Moniz James P acquired Company’s shares for reported $25300.0 on May 08. In the deal valued at $5.06 per share,5,000 shares were bought. As a result of this transaction, Moniz James P now holds 25,000 shares worth roughly $ 88000.0.
Then, Hunton Nigel bought 5,000 shares, generating $25,200 in total proceeds. Upon buying the shares at $5.04, the President and CEO now owns 312,253 shares.
Before that, Klein Michele bought 5,000 shares. Intevac Inc. shares valued at $25,000 were divested by the Director at a price of $5.00 per share. As a result of the transaction, Klein Michele now holds 40,000 shares, worth roughly $0.14 million.
The Benchmark Company downgraded its Intevac Inc. [IVAC] rating to a Hold from a a Buy in a research note published on Friday.
Price Performance Review of IVAC
On Friday, Intevac Inc. [NASDAQ:IVAC] saw its stock jump 1.44% to $3.52. On the same session, the stock had its day’s lowest price of $3.48, but rose to a high of $3.63. Over the last five days, the stock has gained 2.03%. Intevac Inc. shares have fallen nearly -45.60% since the year began. Nevertheless, the stocks have fallen -29.46% over the past one year. While a 52-week high of $7.54 was reached on 04/11/23, a 52-week low of $3.35 was recorded on 08/28/23. SMA at 50 days reached $3.59, while 200 days put it at $5.59. A total of 74909.0 shares were traded, compared to the trading of 0.12 million shares in the previous session.
Levels Of Support And Resistance For IVAC Stock
The 24-hour chart illustrates a support level at 3.46, which if violated will result in even more drops to 3.39. On the upside, there is a resistance level at 3.61. A further resistance level may holdings at 3.69. The Relative Strength Index (RSI) on the 14-day chart is 47.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.16%. Stochastics %K at 49.46% indicates the stock is a holding.
How much short interest is there in Intevac Inc.?
A steep rise in short interest was recorded in Intevac Inc. stocks on Aug 14, 2023, dropping by 79610.0 shares to a total of 0.34 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.42 million shares. There was a decline of -23.54%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.66% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.43.
Intevac Inc. [IVAC] – Who Are The Largest Shareholders?
In filings from Bleichroeder LP, it is revealed that the company now owns 5,039,023 shares, or roughly 19.44% of the outstanding IVAC shares. Additionally, Royce & Associates LP increased 13.07% of its stake after which the total value it holdings stand at $10,524,731, while Dimensional Fund Advisors LP reduced -0.89% of its stake to hold $5.31 million in the firm. Over the last quarter, BlackRock Fund Advisors purchased 902,319 shares of Intevac Inc., while The Vanguard Group, Inc. bought 136,935 shares. At present, Needham Investment Management LLC is holding 1,018,100 shares valued at $3.64 million. 180 Degree Capital Corp. owned 939,337 shares of the company at the time of its most recent 13F filing, worth $3.36 million.
According to FactSet, Intevac Inc.’s share price will average $7.34 in the next year, based on opinions of analysts polled by the firm. This is up nearly 111.53 percent from its previous closing price of $3.47. Analysts expect Intevac Inc. stock to reach the higher price of $7.34, while the lowest price estimate is $7.34. However, 2 analysts have rated IVAC stock as an Overweight in their predictions for 2023.