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An Analysis of SI-BONE Inc (SIBN)’s Potential Price Growth

In a filing, SI-BONE Inc revealed its Director DUNN JEFFREY W unloaded Company’s shares for reported $4986.0 on May 02 ’24. In the deal valued at $14.54 per share,343 shares were sold. As a result of this transaction, DUNN JEFFREY W now holds 23,566 shares worth roughly $0.34 million.

Then, RECUPERO ANTHONY J sold 920 shares, generating $14,379 in total proceeds. Upon selling the shares at $15.63, the President, Commercial Ops now owns 251,533 shares.

Before that, RECUPERO ANTHONY J sold 3,307 shares. SI-BONE Inc shares valued at $51,272 were divested by the President, Commercial Ops at a price of $15.50 per share. As a result of the transaction, RECUPERO ANTHONY J now holds 252,453 shares, worth roughly $3.66 million.

Piper Sandler initiated its SI-BONE Inc [SIBN] rating to an Overweight in a research note published on March 28, 2024; the price target was $25. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid October with a ‘”a Buy”‘ rating. Citigroup started covering the stock on June 08, 2021. It rated SIBN as “a Buy”.

Price Performance Review of SIBN

On Monday, SI-BONE Inc [NASDAQ:SIBN] saw its stock jump 1.97% to $14.48. Over the last five days, the stock has lost -1.16%. SI-BONE Inc shares have fallen nearly -31.01% since the year began. Nevertheless, the stocks have fallen -40.80% over the past one year. While a 52-week high of $29.51 was reached on 02/12/24, a 52-week low of $14.07 was recorded on 05/06/24. SMA at 50 days reached $15.95, while 200 days put it at $19.13. A total of 0.63 million shares were traded, compared to the trading of 0.3 million shares in the previous session.

Levels Of Support And Resistance For SIBN Stock

The 24-hour chart illustrates a support level at 14.11, which if violated will result in even more drops to 13.75. On the upside, there is a resistance level at 14.69. A further resistance level may holdings at 14.91. The Relative Strength Index (RSI) on the 14-day chart is 40.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.11%. Stochastics %K at 22.15% indicates the stock is a holding.

The most recent change occurred on March 09, 2021 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $34.

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