Ameresco Inc.’s recent filing unveils that its Executive Vice President Christakis Peter unloaded Company’s shares for reported $2217.0 on Mar 19 ’24. In the deal valued at $20.53 per share,108 shares were sold. As a result of this transaction, Christakis Peter now holds 11,370 shares worth roughly $0.27 million.
Then, Bakas Michael T sold 108 shares, generating $2,217 in total proceeds. Upon selling the shares at $20.53, the Executive Vice President now owns 10,748 shares.
Before that, Hole Spencer Doran sold 108 shares. Ameresco Inc. shares valued at $2,217 were divested by the EVP and CFO at a price of $20.53 per share. As a result of the transaction, Hole Spencer Doran now holds 1,878 shares, worth roughly $45297.36.
Exane BNP Paribas upgraded its Ameresco Inc. [AMRC] rating to an Outperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Guggenheim’s analysts, who decreased its forecast for the stock in late February from “a Buy” to “a Neutral”. BofA Securities also remained covering AMRC and has decreased its forecast on December 15, 2023 with a “Neutral” recommendation from previously “Buy” rating. William Blair revised its rating on November 07, 2023. It rated AMRC as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of AMRC
On Tuesday, Ameresco Inc. [NYSE:AMRC] saw its stock jump 5.28% to $24.12. Over the last five days, the stock has gained 1.09%. Ameresco Inc. shares have fallen nearly -23.84% since the year began. Nevertheless, the stocks have fallen -45.86% over the past one year. While a 52-week high of $63.19 was reached on 01/02/24, a 52-week low of $17.55 was recorded on 03/05/24. SMA at 50 days reached $21.50, while 200 days put it at $33.79. A total of 0.5 million shares were traded, compared to the trading of 0.66 million shares in the previous session.
Levels Of Support And Resistance For AMRC Stock
The 24-hour chart illustrates a support level at 23.40, which if violated will result in even more drops to 22.68. On the upside, there is a resistance level at 24.73. A further resistance level may holdings at 25.34. The Relative Strength Index (RSI) on the 14-day chart is 60.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.42%. Stochastics %K at 69.94% indicates the stock is a holding.
How much short interest is there in Ameresco Inc.?
A steep rise in short interest was recorded in Ameresco Inc. stocks on Mar 15, 2024, growing by 0.77 million shares to a total of 4.8 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 4.03 million shares. There was a rise of 16.04%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 14.99% of the overall stock float, the days-to-cover ratio (short ratio) rose to 7.42.
