The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Eyenovia Inc shares valued at $61,500 were purchased by Grant Stuart M. on Mar 19 ’24. At $1.23 per share, Grant Stuart M. acquired 50,000 shares. The insider’s holdings grew to 5,330,715 shares worth approximately $5.28 million following the completion of this transaction.
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Also, Grant Stuart M. purchased 10,717 shares, netting a total of over 16,911 in proceeds. Following the buying of shares at $1.58 each, the insider now holds 5,280,715 shares.
Before that, Rowe Michael M had added 4,890 shares to its account. In a trade valued at $6,650, the Chief Executive Officer bought Eyenovia Inc shares for $1.36 each. Upon closing the transaction, the insider’s holdings increased to 4,890 shares, worth approximately $32597.73.
As published in their initiating research note from Northland Capital on March 01, 2021, Eyenovia Inc [EYEN] has been an Outperform and the price target has been revised to $10. Analysts at Oppenheimer downgraded the stock from ‘”an Outperform”‘ to ‘”a Perform”‘ outlook in a report released in early February.
Analyzing EYEN Stock Performance
During the last five days, there has been a drop of approximately -19.15%. Over the course of the year, Eyenovia Inc shares have dropped approximately -52.58%. Shares of the company reached a 52-week high of $2.5700 on 03/04/24 and a 52-week low of $0.9168 on 03/27/24. A 50-day SMA is recorded $1.6825, while a 200-day SMA reached $1.7861. Nevertheless, trading volume fell to 1.98 million shares from 1.32 million shares the previous day.
Support And Resistance Levels for Eyenovia Inc (EYEN)
According to the 24-hour chart, there is a support level at 0.9321, which, if violated, would cause prices to drop to 0.8779. In the upper region, resistance lies at 1.0253. The next price resistance is at 1.0643. RSI (Relative Strength Index) is 29.00 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.3077, which suggests the price will decrease in the coming days. Percent R is at 91.94%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Eyenovia Inc subject to short interest?
Stocks of Eyenovia Inc saw a sharp rise in short interest on Feb 29, 2024 jumping by 0.91 million shares to 2.89 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 1.98 million shares. A jump of 31.49% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.68 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.68.
