SkyWater Technology Inc’s recent filing unveils that its Director Unterseher Loren A unloaded Company’s shares for reported $4.48 million on Mar 07 ’24. In the deal valued at $12.14 per share,368,709 shares were sold. As a result of this transaction, Unterseher Loren A now holds 13,022,293 shares worth roughly $119.02 million.
Then, Unterseher Loren A sold 50,771 shares, generating $587,167 in total proceeds. Upon selling the shares at $11.56, the Director now owns 13,391,002 shares.
Before that, Unterseher Loren A sold 10,520 shares. SkyWater Technology Inc shares valued at $121,020 were divested by the Director at a price of $11.50 per share. As a result of the transaction, Unterseher Loren A now holds 13,441,773 shares, worth roughly $122.86 million.
TD Cowen reiterated its SkyWater Technology Inc [SKYT] rating to an Outperform in a research note published on February 27, 2024; the price target was $15. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in late February has reiterated a ‘”a Buy”‘ rating for it. Craig Hallum began covering SKYT with “Buy” recommendation on April 26, 2022. Jefferies revised its rating on August 05, 2021. It rated SKYT as “a Hold” which previously was an “a Buy”.
Price Performance Review of SKYT
On Tuesday, SkyWater Technology Inc [NASDAQ:SKYT] saw its stock fall -2.14% to $9.14. Over the last five days, the stock has lost -13.94%. SkyWater Technology Inc shares have fallen nearly -4.99% since the year began. Nevertheless, the stocks have fallen -6.73% over the past one year. While a 52-week high of $12.97 was reached on 03/08/24, a 52-week low of $4.73 was recorded on 01/17/24. SMA at 50 days reached $10.29, while 200 days put it at $8.14. A total of 0.26 million shares were traded, compared to the trading of 0.28 million shares in the previous session.
Levels Of Support And Resistance For SKYT Stock
The 24-hour chart illustrates a support level at 9.02, which if violated will result in even more drops to 8.90. On the upside, there is a resistance level at 9.29. A further resistance level may holdings at 9.44. The Relative Strength Index (RSI) on the 14-day chart is 37.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.55%. Stochastics %K at 9.04% indicates the stock is a buying.
The most recent change occurred on July 16, 2021 when Needham began covering the stock and recommended ‘”a Buy”‘ rating along with a $40 price target.
