OneSpan Inc’s recently made public that its Director McConnell Michael J acquired Company’s shares for reported $49150.0 on Mar 15 ’24. In the deal valued at $9.83 per share,5,000 shares were bought. As a result of this transaction, McConnell Michael J now holds 73,849 shares worth roughly $0.81 million.
Then, Martell Jorge Garcia sold 5,000 shares, generating $50,460 in total proceeds. Upon selling the shares at $10.09, the Chief Financial Officer now owns 30,599 shares.
Before that, Zenner Marc bought 2,500 shares. OneSpan Inc shares valued at $24,716 were divested by the Director at a price of $9.89 per share. As a result of the transaction, Zenner Marc now holds 56,159 shares, worth roughly $0.62 million.
Sidoti downgraded its OneSpan Inc [OSPN] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including DA Davidson’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Neutral”. Craig Hallum began covering OSPN with “Buy” recommendation on February 02, 2022. Sidoti revised its rating on April 15, 2021. It rated OSPN as “a Buy” which previously was an “a Neutral”.
Price Performance Review of OSPN
On Tuesday, OneSpan Inc [NASDAQ:OSPN] saw its stock fall -1.25% to $11.03. Over the last five days, the stock has lost -5.65%. OneSpan Inc shares have risen nearly 2.89% since the year began. Nevertheless, the stocks have fallen -37.54% over the past one year. While a 52-week high of $18.61 was reached on 03/07/24, a 52-week low of $7.64 was recorded on 03/11/24. SMA at 50 days reached $10.45, while 200 days put it at $10.99. 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 OSPN Stock
The 24-hour chart illustrates a support level at 10.81, which if violated will result in even more drops to 10.59. On the upside, there is a resistance level at 11.28. A further resistance level may holdings at 11.54. The Relative Strength Index (RSI) on the 14-day chart is 51.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.43%. Stochastics %K at 45.06% indicates the stock is a holding.
How much short interest is there in OneSpan Inc?
A steep rise in short interest was recorded in OneSpan Inc stocks on Mar 28, 2024, dropping by -0.31 million shares to a total of 1.04 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 1.35 million shares. There was a decline of -29.81%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.35% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.48.
The most recent change occurred on March 31, 2021 when DA Davidson began covering the stock and recommended ‘”a Buy”‘ rating along with a $35 price target.
