Establishment Labs Holdings Inc’s recent filing unveils that its Director LEWIN NICHOLAS SHERIDAN acquired Company’s shares for reported $54073.0 on Dec 14 ’23. In the deal valued at $27.04 per share,2,000 shares were bought. As a result of this transaction, LEWIN NICHOLAS SHERIDAN now holds 1,064,888 shares worth roughly $58.97 million.
Then, LEWIN NICHOLAS SHERIDAN bought 5,000 shares, generating $110,000 in total proceeds. Upon buying the shares at $22.00, the Director now owns 14,190 shares.
Before that, Denhoy Raj bought 2,250 shares. Establishment Labs Holdings Inc shares valued at $49,972 were divested by the Chief Financial Officer at a price of $22.21 per share. As a result of the transaction, Denhoy Raj now holds 8,112 shares, worth roughly $0.45 million.
JP Morgan initiated its Establishment Labs Holdings Inc [ESTA] rating to an Overweight in a research note published on August 31, 2023; the price target was $75. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in late June with a ‘”a Buy”‘ rating. Mizuho started covering the stock on October 13, 2022. It rated ESTA as “a Buy”.
Price Performance Review of ESTA
On Tuesday, Establishment Labs Holdings Inc [NASDAQ:ESTA] saw its stock jump 2.20% to $55.38. Over the last five days, the stock has gained 9.77%. Establishment Labs Holdings Inc shares have risen nearly 113.90% since the year began. Nevertheless, the stocks have fallen -22.00% over the past one year. While a 52-week high of $79.88 was reached on 04/09/24, a 52-week low of $16.96 was recorded on 01/03/24. SMA at 50 days reached $44.66, while 200 days put it at $44.16. A total of 0.33 million shares were traded, compared to the trading of 0.39 million shares in the previous session.
Levels Of Support And Resistance For ESTA Stock
The 24-hour chart illustrates a support level at 54.18, which if violated will result in even more drops to 52.99. On the upside, there is a resistance level at 56.15. A further resistance level may holdings at 56.93. The Relative Strength Index (RSI) on the 14-day chart is 69.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.49, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.52%. Stochastics %K at 94.87% indicates the stock is a selling.
How much short interest is there in Establishment Labs Holdings Inc?
A steep rise in short interest was recorded in Establishment Labs Holdings Inc stocks on Mar 15, 2024, growing by 0.44 million shares to a total of 4.56 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 4.12 million shares. There was a rise of 9.65%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 21.78% of the overall stock float, the days-to-cover ratio (short ratio) rose to 9.29.
The most recent change occurred on August 24, 2022 when B. Riley Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $107 price target.
