Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Energy Recovery Inc shares valued at $141,288 were purchased by Moon David W on May 07 ’24. At $13.46 per share, Moon David W acquired 10,500 shares. The insider’s holdings grew to 29,750 shares worth approximately $0.41 million following the completion of this transaction.
Also, Ballard Joshua sold 979 shares, netting a total of over 14,667 in proceeds. Following the sale of shares at $14.98 each, the insider now holds 44,427 shares.
Before that, Yeung William had sold 978 shares from its account. In a trade valued at $14,652, the Chief Legal Officer traded Energy Recovery Inc shares for $14.98 each. Upon closing the transaction, the insider’s holdings decreased to 978 shares, worth approximately $1.21 million.
As published in their initiating research note from B. Riley Securities on November 17, 2022, Energy Recovery Inc [ERII] has been a Buy and the price target has been revised to $28. Analysts at Raymond James upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in early November. As of July 07, 2021, Raymond James has decreased its “an Outperform” rating to a “Mkt perform” for ERII. Earlier on January 04, 2021, Evercore ISI upgraded its rating. Their new recommendation was “an Outperform” for ERII stock which previously was a “an In-line”.
Analyzing ERII Stock Performance
During the last five days, there has been a surge of approximately 6.60%. Over the course of the year, Energy Recovery Inc shares have dropped approximately -26.22%. Shares of the company reached a 52-week high of $19.19 on 01/02/24 and a 52-week low of $12.45 on 05/02/24. A 50-day SMA is recorded $14.68, while a 200-day SMA reached $18.85. Nevertheless, trading volume fell to 0.68 million shares from 0.5 million shares the previous day.
Support And Resistance Levels for Energy Recovery Inc (ERII)
According to the 24-hour chart, there is a support level at 13.40, which, if violated, would cause prices to drop to 12.91. In the upper region, resistance lies at 14.17. The next price resistance is at 14.45. RSI (Relative Strength Index) is 46.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.23, which suggests the price will decrease in the coming days. Percent R is at 44.66%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Which companies own the most shares of Energy Recovery Inc (ERII)?
On June 30, 2020, B. Riley FBR assigned a price target of “a Neutral” to the stock and downgraded coverage with a $9.50.
