Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. ONE Group Hospitality Inc shares valued at $29,782 were purchased by Kanen David on Mar 19 ’24. At $4.19 per share, Kanen David acquired 7,103 shares. The insider’s holdings grew to 393,975 shares worth approximately $2.0 million following the completion of this transaction.
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Also, Kanen David purchased 73,733 shares, netting a total of over 310,659 in proceeds. Following the buying of shares at $4.21 each, the insider now holds 386,872 shares.
Before that, Kanen David had added 191,585 shares to its account. In a trade valued at $719,057, the See Explanation of Responses bought ONE Group Hospitality Inc shares for $3.75 each. Upon closing the transaction, the insider’s holdings increased to 191,585 shares, worth approximately $1.59 million.
As published in a research note from Wedbush on December 21, 2022, ONE Group Hospitality Inc [STKS] has been rated down from an Outperform to a Neutral and the price target has been revised to $6.50 from $7.50. Analysts at Stephens started covering the stock with ‘”an Overweight”‘ outlook in a report released in late September. As of July 19, 2022, ROTH Capital has initiated its “Buy” rating for STKS. Earlier on January 05, 2022, Wedbush initiated its rating. Their recommendation was “an Outperform” for STKS stock.
Analyzing STKS Stock Performance
During the last five days, there has been a surge of approximately 10.82%. Over the course of the year, ONE Group Hospitality Inc shares have dropped approximately -17.16%. Shares of the company reached a 52-week high of $6.35 on 01/03/24 and a 52-week low of $3.21 on 03/15/24. A 50-day SMA is recorded $4.09, while a 200-day SMA reached $5.52. Nevertheless, trading volume fell to 2.16 million shares from 60600.0 shares the previous day.
Support And Resistance Levels for ONE Group Hospitality Inc (STKS)
According to the 24-hour chart, there is a support level at 4.68, which, if violated, would cause prices to drop to 4.30. In the upper region, resistance lies at 5.27. The next price resistance is at 5.48. RSI (Relative Strength Index) is 67.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.33, which suggests the price will decrease in the coming days. Percent R is at 1.06%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is ONE Group Hospitality Inc subject to short interest?
Stocks of ONE Group Hospitality Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.41 million shares to 1.69 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 1.28 million shares. A jump of 24.26% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 11.4 of the overall float, the days-to-cover ratio (short ratio) jumped to 11.4.
