Cantaloupe Inc’s recently made public that its Director Baird Lisa P. acquired Company’s shares for reported $18750.0 on Feb 13 ’24. In the deal valued at $6.25 per share,3,000 shares were bought. As a result of this transaction, Baird Lisa P. now holds 75,620 shares worth roughly $0.49 million.
Then, Venkatesan Ravi bought 7,749 shares, generating $49,981 in total proceeds. Upon buying the shares at $6.45, the Chief Executive Officer now owns 128,658 shares.
Before that, Harris Ian Jiro bought 4,250 shares. Cantaloupe Inc shares valued at $26,690 were divested by the Director at a price of $6.28 per share. As a result of the transaction, Harris Ian Jiro now holds 153,019 shares, worth roughly $0.98 million.
The Benchmark Company initiated its Cantaloupe Inc [CTLP] rating to a Buy in a research note published on February 23, 2024; the price target was $10. A number of analysts have revised their coverage, including Berenberg’s analysts, who began to cover the stock in early October with a ‘”a Buy”‘ rating. B. Riley Securities began covering CTLP with “Buy” recommendation on August 17, 2023.
Price Performance Review of CTLP
On Tuesday, Cantaloupe Inc [NASDAQ:CTLP] saw its stock jump 1.90% to $6.42. Over the last five days, the stock has gained 1.74%. Cantaloupe Inc shares have fallen nearly -13.36% since the year began. Nevertheless, the stocks have risen 16.52% over the past one year. While a 52-week high of $8.28 was reached on 01/02/24, a 52-week low of $5.27 was recorded on 02/09/24. SMA at 50 days reached $6.46, while 200 days put it at $6.95. A total of 0.26 million shares were traded, compared to the trading of 0.29 million shares in the previous session.
Levels Of Support And Resistance For CTLP Stock
The 24-hour chart illustrates a support level at 6.35, which if violated will result in even more drops to 6.28. On the upside, there is a resistance level at 6.46. A further resistance level may holdings at 6.51. The Relative Strength Index (RSI) on the 14-day chart is 53.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.56%. Stochastics %K at 52.39% indicates the stock is a holding.
How much short interest is there in Cantaloupe Inc?
A steep rise in short interest was recorded in Cantaloupe Inc stocks on Mar 28, 2024, growing by 0.16 million shares to a total of 1.73 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 1.57 million shares. There was a rise of 9.25%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.01% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.15.
