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Eyenovia Inc [EYEN] Investment Guide: What You Need to Know

Eyenovia Inc’s recently made public that its 10% Owner Grant Stuart M. acquired Company’s shares for reported $98000.0 on Mar 28 ’24. In the deal valued at $0.98 per share,100,000 shares were bought. As a result of this transaction, Grant Stuart M. now holds 5,430,715 shares worth roughly $ 3.1 million.

Then, Grant Stuart M. bought 50,000 shares, generating $61,500 in total proceeds. Upon buying the shares at $1.23, the 10% Owner now owns 5,330,715 shares.

Before that, Grant Stuart M. bought 10,717 shares. Eyenovia Inc shares valued at $16,911 were divested by the 10% Owner at a price of $1.58 per share. As a result of the transaction, Grant Stuart M. now holds 5,280,715 shares, worth roughly $3.01 million.

Northland Capital initiated its Eyenovia Inc [EYEN] rating to an Outperform in a research note published on March 01, 2021; the price target was $10. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who decreased its forecast for the stock in early February from “an Outperform” to “a Perform”.

Price Performance Review of EYEN

On Friday, Eyenovia Inc [NASDAQ:EYEN] saw its stock jump 7.48% to $0.57. Over the last five days, the stock has gained 7.66%. Eyenovia Inc shares have fallen nearly -72.57% since the year began. Nevertheless, the stocks have fallen -87.29% over the past one year. While a 52-week high of $5.85 was reached on 03/04/24, a 52-week low of $0.50 was recorded on 04/10/24. SMA at 50 days reached $1.3609, while 200 days put it at $1.6428. A total of 1.37 million shares were traded, compared to the trading of 0.58 million shares in the previous session.

Levels Of Support And Resistance For EYEN Stock

The 24-hour chart illustrates a support level at 0.5304, which if violated will result in even more drops to 0.4902. On the upside, there is a resistance level at 0.6004. A further resistance level may holdings at 0.6302. The Relative Strength Index (RSI) on the 14-day chart is 26.26, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1247, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.77%. Stochastics %K at 9.24% indicates the stock is a buying.

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