Atlas Energy Solutions Inc.’s recently made public that its Member of 10% Owner Group Schmidt Richard W unloaded Company’s shares for reported $0.37 million on Mar 26 ’24. In the deal valued at $22.21 per share,16,740 shares were sold. As a result of this transaction, Schmidt Richard W now holds 1,102,813 shares worth roughly $24.23 million.
Then, Schmidt Richard W sold 21,043 shares, generating $472,205 in total proceeds. Upon selling the shares at $22.44, the Member of 10% Owner Group now owns 1,119,553 shares.
Before that, Ginn Kirk Edwards sold 1,562 shares. Atlas Energy Solutions Inc. shares valued at $33,950 were divested by the Member of 10% Owner Group at a price of $21.73 per share. As a result of the transaction, Ginn Kirk Edwards now holds 479,525 shares, worth roughly $10.54 million.
A number of analysts have revised their coverage, including Johnson Rice’s analysts, who began to cover the stock in mid April with a ‘”a Buy”‘ rating. CapitalOne began covering AESI with “an Overweight” recommendation on April 04, 2023. RBC Capital Mkts started covering the stock on April 03, 2023. It rated AESI as “an Outperform”.
Price Performance Review of AESI
On Friday, Atlas Energy Solutions Inc. [NYSE:AESI] saw its stock jump 0.14% to $21.97. Over the last five days, the stock has lost -6.23%. Atlas Energy Solutions Inc. shares have risen nearly 27.93% since the year began. Nevertheless, the stocks have risen 31.79% over the past one year. While a 52-week high of $24.56 was reached on 04/12/24, a 52-week low of $15.16 was recorded on 01/17/24. SMA at 50 days reached $21.81, while 200 days put it at $19.86. A total of 0.6 million shares were traded, compared to the trading of 0.52 million shares in the previous session.
Levels Of Support And Resistance For AESI Stock
The 24-hour chart illustrates a support level at 21.72, which if violated will result in even more drops to 21.46. On the upside, there is a resistance level at 22.16. A further resistance level may holdings at 22.35. The Relative Strength Index (RSI) on the 14-day chart is 45.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.11%. Stochastics %K at 13.75% indicates the stock is a buying.
The most recent change occurred on April 03, 2023 when Raymond James began covering the stock and recommended ‘”a Strong buy”‘ rating along with a $25 price target.
