In a filing, Kura Sushi USA Inc revealed its insider (a) TAKAO BRENT unloaded Company’s shares for reported $1.28 million on Jan 12 ’24. In the deal valued at $88.97 per share,14,422 shares were sold. As a result of this transaction, TAKAO BRENT now holds 1,687 shares worth roughly $0.2 million.
Then, STUTZ CARIN bought 1,500 shares, generating $78,555 in total proceeds. Upon buying the shares at $52.37, the Director now owns 2,654 shares.
Lake Street reiterated its Kura Sushi USA Inc [KRUS] rating to a Hold in a research note published on January 05, 2024; the price target was $70. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in mid July with a ‘”an Equal weight”‘ rating. Citigroup began covering KRUS with “Neutral” recommendation on June 02, 2023. Lake Street started covering the stock on April 26, 2023. It rated KRUS as “a Hold”.
Price Performance Review of KRUS
On Tuesday, Kura Sushi USA Inc [NASDAQ:KRUS] saw its stock jump 1.04% to $115.70. Over the last five days, the stock has gained 7.63%. Kura Sushi USA Inc shares have risen nearly 52.24% since the year began. Nevertheless, the stocks have risen 108.47% over the past one year. While a 52-week high of $122.81 was reached on 03/28/24, a 52-week low of $51.02 was recorded on 01/03/24. SMA at 50 days reached $102.13, while 200 days put it at $84.27. A total of 0.24 million shares were traded, compared to the trading of 0.3 million shares in the previous session.
Levels Of Support And Resistance For KRUS Stock
The 24-hour chart illustrates a support level at 113.40, which if violated will result in even more drops to 111.11. On the upside, there is a resistance level at 118.68. A further resistance level may holdings at 121.67. The Relative Strength Index (RSI) on the 14-day chart is 60.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.91, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 32.82%. Stochastics %K at 59.90% indicates the stock is a holding.
How much short interest is there in Kura Sushi USA Inc?
A steep rise in short interest was recorded in Kura Sushi USA Inc stocks on Mar 15, 2024, dropping by 10000.0 shares to a total of 1.31 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.32 million shares. There was a decline of -0.76%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 21.64% of the overall stock float, the days-to-cover ratio (short ratio) fell to 20.12.
The most recent change occurred on February 15, 2023 when The Benchmark Company began covering the stock and recommended ‘”a Buy”‘ rating along with a $70 price target.
