Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Augmedix Inc shares valued at $1,900 were sold by Shakil Ian on Apr 15 ’24. At $3.80 per share, Shakil Ian sold 500 shares. The insider’s holdings dropped to 3,000 shares worth approximately $7589.999999999999 following the completion of this transaction.
Also, Shakil Ian sold 19,544 shares, netting a total of over 74,590 in proceeds. Following the sale of shares at $3.82 each, the insider now holds 3,000 shares.
Before that, Shakil Ian had sold 24,778 shares from its account. In a trade valued at $97,477, the CHIEF STRATEGY OFFICER traded Augmedix Inc shares for $3.93 each. Upon closing the transaction, the insider’s holdings decreased to 24,778 shares, worth approximately $7589.999999999999.
Analysts at Evercore ISI started covering the stock with ‘”an In-line”‘ outlook in a report released in mid December.
Analyzing AUGX Stock Performance
During the last five days, there has been a drop of approximately -11.23%. Over the course of the year, Augmedix Inc shares have dropped approximately -56.75%. Shares of the company reached a 52-week high of $6.25 on 01/02/24 and a 52-week low of $2.50 on 05/01/24. A 50-day SMA is recorded $3.74, while a 200-day SMA reached $4.66. Nevertheless, trading volume fell to 0.88 million shares from 0.22 million shares the previous day.
Support And Resistance Levels for Augmedix Inc (AUGX)
According to the 24-hour chart, there is a support level at 2.42, which, if violated, would cause prices to drop to 2.32. In the upper region, resistance lies at 2.71. The next price resistance is at 2.90. RSI (Relative Strength Index) is 21.50 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.35, which suggests the price will decrease in the coming days. Percent R is at 98.03%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
