Seer Inc.’s recently made public that its CEO, President and Chair Farokhzad Omid acquired Company’s shares for reported $97968.0 on Aug 23. In the deal valued at $2.45 per share,40,000 shares were bought. As a result of this transaction, Farokhzad Omid now holds 807,744 shares worth roughly $ 2.2 million.
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Then, Thomas Scott D sold 1,468 shares, generating $5,224 in total proceeds. Upon selling the shares at $3.56, the Chief Commercial Officer now owns 95,532 shares.
Before that, Farokhzad Omid sold 13,840 shares. Seer Inc. shares valued at $57,210 were divested by the CEO, President and Chair at a price of $4.13 per share. As a result of the transaction, Farokhzad Omid now holds 767,744 shares, worth roughly $2.09 million.
PT values the company’s stock at a premium of 72.8 to its Friday closing price.
Price Performance Review of SEER
On Friday, Seer Inc. [NASDAQ:SEER] saw its stock jump 3.42% to $2.72. On the same session, the stock had its day’s lowest price of $2.63, but rose to a high of $2.74. Over the last five days, the stock has gained 8.80%. Seer Inc. shares have fallen nearly -53.10% since the year began. Nevertheless, the stocks have fallen -73.07% over the past one year. While a 52-week high of $10.27 was reached on 03/03/23, a 52-week low of $2.32 was recorded on 08/24/23. SMA at 50 days reached $3.96, while 200 days put it at $4.50. A total of 0.24 million shares were traded, compared to the trading of 0.24 million shares in the previous session.
Levels Of Support And Resistance For SEER Stock
The 24-hour chart illustrates a support level at 2.65, which if violated will result in even more drops to 2.59. On the upside, there is a resistance level at 2.76. A further resistance level may holdings at 2.81. The Relative Strength Index (RSI) on the 14-day chart is 35.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.94%. Stochastics %K at 59.61% indicates the stock is a holding.
How much short interest is there in Seer Inc.?
A steep rise in short interest was recorded in Seer Inc. stocks on Aug 14, 2023, growing by 10000.0 shares to a total of 1.55 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.54 million shares. There was a rise of 0.65%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.11% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.17.
According to FactSet, Seer Inc.’s share price will average $6.67 in the next year, based on opinions of analysts polled by the firm. This is up nearly 90.11 percent from its previous closing price of $2.63. Analysts expect Seer Inc. stock to reach the higher price of $10.00, while the lowest price estimate is $5.00. However, 4 analysts have rated SEER stock as a Hold in their predictions for 2023.