Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Eyenovia Inc shares valued at $98,000 were purchased by Grant Stuart M. on Mar 28 ’24. At $0.98 per share, Grant Stuart M. acquired 100,000 shares. The insider’s holdings grew to 5,430,715 shares worth approximately $2.93 million following the completion of this transaction.
Also, Grant Stuart M. purchased 50,000 shares, netting a total of over 61,500 in proceeds. Following the buying of shares at $1.23 each, the insider now holds 5,330,715 shares.
Before that, Grant Stuart M. had added 10,717 shares to its account. In a trade valued at $16,911, the 10% Owner bought Eyenovia Inc shares for $1.58 each. Upon closing the transaction, the insider’s holdings increased to 10,717 shares, worth approximately $2.85 million.
As published in their initiating research note from Northland Capital on March 01, 2021, Eyenovia Inc [EYEN] has been an Outperform and the price target has been revised to $10. Analysts at Oppenheimer downgraded the stock from ‘”an Outperform”‘ to ‘”a Perform”‘ outlook in a report released in early February.
Analyzing EYEN Stock Performance
During the last five days, there has been a drop of approximately -0.77%. Over the course of the year, Eyenovia Inc shares have dropped approximately -74.07%. Shares of the company reached a 52-week high of $2.5700 on 03/04/24 and a 52-week low of $0.5010 on 04/10/24. A 50-day SMA is recorded $1.4099, while a 200-day SMA reached $1.6617. Nevertheless, trading volume fell to 0.72 million shares from 1.7 million shares the previous day.
Support And Resistance Levels for Eyenovia Inc (EYEN)
According to the 24-hour chart, there is a support level at 0.5246, which, if violated, would cause prices to drop to 0.5098. In the upper region, resistance lies at 0.5595. The next price resistance is at 0.5796. RSI (Relative Strength Index) is 22.56 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1861, which suggests the price will decrease in the coming days. Percent R is at 92.62%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
