Analysts review Autoliv Inc.’s rating

Autoliv Inc.’s recently made public that its President and CEO Bratt Mikael unloaded Company’s shares for reported $0.46 million on Feb 21 ’24. In the deal valued at $109.72 per share,4,226 shares were sold. As a result of this transaction, Bratt Mikael now holds 17,547 shares worth roughly $2.08 million.

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Then, Westin Fredrik sold 1,318 shares, generating $144,888 in total proceeds. Upon selling the shares at $109.93, the EVP Finance and CFO now owns 5,458 shares.

Before that, Jarlegren Magnus sold 975 shares. Autoliv Inc. shares valued at $107,172 were divested by the President, Autoliv Europe at a price of $109.92 per share. As a result of the transaction, Jarlegren Magnus now holds 4,854 shares, worth roughly $0.58 million.

Berenberg upgraded its Autoliv Inc. [ALV] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in early January from “an Outperform” to “a Peer perform”. Kepler also remained covering ALV and has increased its forecast on May 11, 2023 with a “Buy” recommendation from previously “Hold” rating.

Price Performance Review of ALV

On Monday, Autoliv Inc. [NYSE:ALV] saw its stock jump 1.37% to $118.72. Over the last five days, the stock has gained 1.14%. Autoliv Inc. shares have risen nearly 7.74% since the year began. Nevertheless, the stocks have risen 26.91% over the past one year. While a 52-week high of $120.25 was reached on 03/07/24, a 52-week low of $79.66 was recorded on 01/17/24. SMA at 50 days reached $109.43, while 200 days put it at $98.85. A total of 0.66 million shares were traded, compared to the trading of 0.59 million shares in the previous session.

Levels Of Support And Resistance For ALV Stock

The 24-hour chart illustrates a support level at 117.46, which if violated will result in even more drops to 116.20. On the upside, there is a resistance level at 119.65. A further resistance level may holdings at 120.57. The Relative Strength Index (RSI) on the 14-day chart is 67.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.84, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.76%. Stochastics %K at 82.04% indicates the stock is a selling.

How much short interest is there in Autoliv Inc.?

A steep rise in short interest was recorded in Autoliv Inc. stocks on Feb 15, 2024, growing by 0.33 million shares to a total of 1.69 million shares. Yahoo Finance data shows the prior-month short interest on Jan 12, 2024 was 1.36 million shares. There was a rise of 19.53%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.05% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.6.

The most recent change occurred on February 15, 2023 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $100 price target.

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