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Investing in Agilysys, Inc (AGYS) Is Getting More Attractive

In a filing, Agilysys, Inc revealed its SVP, GC and Secretary Badger Kyle C unloaded Company’s shares for reported $5.04 million on May 17 ’24. In the deal valued at $99.05 per share,50,860 shares were sold. As a result of this transaction, Badger Kyle C now holds 116,083 shares worth roughly $11.99 million.

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Then, Badger Kyle C sold 8,948 shares, generating $887,194 in total proceeds. Upon selling the shares at $99.15, the SVP, GC and Secretary now owns 166,943 shares.

Before that, KEATING MELVIN L bought 100 shares. Agilysys, Inc shares valued at $7,596 were divested by the Director at a price of $75.95 per share. As a result of the transaction, KEATING MELVIN L now holds 44,039 shares, worth roughly $4.55 million.

Needham initiated its Agilysys, Inc [AGYS] rating to a Buy in a research note published on August 14, 2023; the price target was $92. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in mid April with a ‘”an Outperform”‘ rating. BTIG Research also remained covering AGYS and has increased its forecast on December 16, 2022 with a “Buy” recommendation from previously “Neutral” rating. Craig Hallum revised its rating on October 26, 2022. It rated AGYS as “a Buy” which previously was an “a Hold”.

Price Performance Review of AGYS

On Tuesday, Agilysys, Inc [NASDAQ:AGYS] saw its stock jump 0.82% to $103.30. Over the last five days, the stock has gained 12.09%. Agilysys, Inc shares have risen nearly 21.79% since the year began. Nevertheless, the stocks have risen 49.73% over the past one year. While a 52-week high of $102.87 was reached on 05/21/24, a 52-week low of $63.08 was recorded on 01/17/24. SMA at 50 days reached $83.32, while 200 days put it at $79.44. A total of 0.29 million shares were traded, compared to the trading of 0.18 million shares in the previous session.

Levels Of Support And Resistance For AGYS Stock

The 24-hour chart illustrates a support level at 101.30, which if violated will result in even more drops to 99.30. On the upside, there is a resistance level at 104.65. A further resistance level may holdings at 106.00. The Relative Strength Index (RSI) on the 14-day chart is 82.69, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 13.40, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.77%. Stochastics %K at 98.11% indicates the stock is a selling.

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