Evolus Inc’s recently made public that its insider MOATAZEDI DAVID unloaded Company’s shares for reported $86431.0 on Mar 27 ’24. In the deal valued at $13.86 per share,6,236 shares were sold. As a result of this transaction, MOATAZEDI DAVID now holds 689,614 shares worth roughly $9.17 million.
Then, MOATAZEDI DAVID sold 96,566 shares, generating $1,344,604 in total proceeds. Upon selling the shares at $13.92, the insider now owns 695,850 shares.
Before that, Avelar Rui sold 27,603 shares. Evolus Inc shares valued at $384,350 were divested by the insider at a price of $13.92 per share. As a result of the transaction, Avelar Rui now holds 372,288 shares, worth roughly $4.95 million.
Barclays upgraded its Evolus Inc [EOLS] rating to an Overweight from a an Equal weight in a research note published on January 29, 2024; the price target was increased to $16 from $10. A number of analysts have revised their coverage, including Needham’s analysts, who began to cover the stock in late June with a ‘”a Buy”‘ rating. Barclays also remained covering EOLS and has increased its forecast on May 12, 2022 with a “an Equal weight” recommendation from previously “an Underweight” rating. Truist revised its rating on January 20, 2022. It rated EOLS as “a Buy” which previously was an “a Hold”.
Price Performance Review of EOLS
On Monday, Evolus Inc [NASDAQ:EOLS] saw its stock jump 0.30% to $13.30. Over the last five days, the stock has lost -3.31%. Evolus Inc shares have risen nearly 26.31% since the year began. Nevertheless, the stocks have risen 59.86% over the past one year. While a 52-week high of $15.43 was reached on 03/04/24, a 52-week low of $7.07 was recorded on 01/03/24. SMA at 50 days reached $13.73, while 200 days put it at $10.27. A total of 0.3 million shares were traded, compared to the trading of 0.42 million shares in the previous session.
Levels Of Support And Resistance For EOLS Stock
The 24-hour chart illustrates a support level at 13.14, which if violated will result in even more drops to 12.97. On the upside, there is a resistance level at 13.44. A further resistance level may holdings at 13.57. The Relative Strength Index (RSI) on the 14-day chart is 39.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.92%. Stochastics %K at 10.18% indicates the stock is a buying.
How much short interest is there in Evolus Inc?
A steep rise in short interest was recorded in Evolus Inc stocks on Mar 15, 2024, growing by 80000.0 shares to a total of 4.98 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 4.9 million shares. There was a rise of 1.61%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 8.21% of the overall stock float, the days-to-cover ratio (short ratio) rose to 7.5.
