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Dawson James gives a Neutral recommendation for BioCardia Inc. (BCDA)

In a filing, BioCardia Inc. revealed its President and CEO Altman Peter acquired Company’s shares for reported $1760.0 on Jun 14 ’24. In the deal valued at $3.52 per share,500 shares were bought. As a result of this transaction, Altman Peter now holds 38,745 shares worth roughly $0.14 million.

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Then, Altman Peter bought 1,000 shares, generating $3,360 in total proceeds. Upon buying the shares at $3.36, the President and CEO now owns 38,245 shares.

Before that, Altman Peter bought 2,750 shares. BioCardia Inc. shares valued at $1,013 were divested by the President and CEO at a price of $0.37 per share. As a result of the transaction, Altman Peter now holds 558,697 shares, worth roughly $1.98 million.

Dawson James downgraded its BioCardia Inc. [BCDA] rating to a Neutral from a a Buy in a research note published recently.

Price Performance Review of BCDA

On Tuesday, BioCardia Inc. [NASDAQ:BCDA] saw its stock jump 5.99% to $3.54. Over the last five days, the stock has lost -2.75%. BioCardia Inc. shares have fallen nearly -64.47% since the year began. Nevertheless, the stocks have fallen -89.91% over the past one year. While a 52-week high of $43.80 was reached on 01/03/24, a 52-week low of $3.20 was recorded on 06/10/24. SMA at 50 days reached $5.19, while 200 days put it at $6.89. A total of 0.2 million shares were traded, compared to the trading of 0.13 million shares in the previous session.

Levels Of Support And Resistance For BCDA Stock

The 24-hour chart illustrates a support level at 3.30, which if violated will result in even more drops to 3.06. On the upside, there is a resistance level at 3.74. A further resistance level may holdings at 3.94. The Relative Strength Index (RSI) on the 14-day chart is 29.97, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.35%. Stochastics %K at 9.24% indicates the stock is a buying.

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