Investing in Augmedix Inc. (AUGX): What You Must Know


Augmedix Inc.’s recently made public that its Director Traylor Margie L. acquired Company’s shares for reported $0.12 million on Jun 14. In the deal valued at $4.51 per share,26,530 shares were bought. As a result of this transaction, Traylor Margie L. now holds 47,331 shares worth roughly $ 0.24 million.

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Then, Ginocchio Paul bought 18,000 shares, generating $21,600 in total proceeds. Upon buying the shares at $1.20, the CHIEF FINANCIAL OFFICER now owns 118,000 shares.

Before that, McKesson Ventures, LLC sold 2,410,000 shares. Augmedix Inc. shares valued at $2,530,500 were divested by the Former 10% Owner at a price of $1.05 per share. As a result of the transaction, McKesson Ventures, LLC now holds 1,572,432 shares, worth roughly $7.89 million.

Price Performance Review of AUGX

On Friday, Augmedix Inc. [NASDAQ:AUGX] saw its stock jump 5.02% to $5.02. On the same session, the stock had its day’s lowest price of $4.81, but rose to a high of $5.13. Over the last five days, the stock has gained 15.14%. Augmedix Inc. shares have risen nearly 221.79% since the year began. Nevertheless, the stocks have risen 171.35% over the past one year. While a 52-week high of $5.75 was reached on 08/16/23, a 52-week low of $1.01 was recorded on 01/04/23. SMA at 50 days reached $4.59, while 200 days put it at $2.78. A total of 0.16 million shares were traded, compared to the trading of 0.2 million shares in the previous session.

Levels Of Support And Resistance For AUGX Stock

The 24-hour chart illustrates a support level at 4.84, which if violated will result in even more drops to 4.67. On the upside, there is a resistance level at 5.16. A further resistance level may holdings at 5.31. The Relative Strength Index (RSI) on the 14-day chart is 56.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.24%. Stochastics %K at 43.64% indicates the stock is a holding.

How much short interest is there in Augmedix Inc.?

A steep rise in short interest was recorded in Augmedix Inc. stocks on Aug 14, 2023, growing by 0.16 million shares to a total of 0.26 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.1 million shares. There was a rise of 61.83%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.35% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.48.

According to FactSet, Augmedix Inc.’s share price will average $6.63 in the next year, based on opinions of analysts polled by the firm. This is up nearly 30.75 percent from its previous closing price of $4.78. Analysts expect Augmedix Inc. stock to reach the higher price of $8.00, while the lowest price estimate is $6.00. However, 5 analysts have rated AUGX stock as a Buy in their predictions for 2023.


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