In a filing, Establishment Labs Holdings Inc revealed 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 $52.91 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 $0.4 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 2.94% to $49.69. Over the last five days, the stock has lost -3.96%. Establishment Labs Holdings Inc shares have risen nearly 91.93% since the year began. Nevertheless, the stocks have fallen -33.67% over the past one year. While a 52-week high of $75.24 was reached on 04/09/24, a 52-week low of $16.96 was recorded on 01/03/24. SMA at 50 days reached $47.26, while 200 days put it at $43.38. A total of 0.27 million shares were traded, compared to the trading of 0.47 million shares in the previous session.
Levels Of Support And Resistance For ESTA Stock
The 24-hour chart illustrates a support level at 48.30, which if violated will result in even more drops to 46.92. On the upside, there is a resistance level at 50.55. A further resistance level may holdings at 51.42. The Relative Strength Index (RSI) on the 14-day chart is 49.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.57%. Stochastics %K at 30.63% indicates the stock is a holding.
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.
