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An Analysis of Kura Sushi USA Inc (KRUS)’s Potential Price Growth

In a filing, Kura Sushi USA Inc revealed its Director ISHII SEITARO unloaded Company’s shares for reported $0.55 million on Apr 12 ’24. In the deal valued at $109.97 per share,5,000 shares were sold. As a result of this transaction, ISHII SEITARO now holds 1,313 shares worth roughly $80329.34.

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Then, TAKAO BRENT sold 14,422 shares, generating $1,283,176 in total proceeds. Upon selling the shares at $88.97, the insider now owns 1,687 shares.

Before that, STUTZ CARIN bought 1,500 shares. Kura Sushi USA Inc shares valued at $78,555 were divested by the Director at a price of $52.37 per share. As a result of the transaction, STUTZ CARIN now holds 2,654 shares, worth roughly $0.16 million.

Piper Sandler initiated its Kura Sushi USA Inc [KRUS] rating to a Neutral in a research note published on April 24, 2024; the price target was $114. A number of analysts have revised their coverage, including Lake Street’s analysts, who remained covering the stock and in early January has reiterated a ‘”a Hold”‘ rating for it. Barclays began covering KRUS with “an Equal weight” recommendation on July 20, 2023. Citigroup started covering the stock on June 02, 2023. It rated KRUS as “a Neutral”.

Price Performance Review of KRUS

On Tuesday, Kura Sushi USA Inc [NASDAQ:KRUS] saw its stock jump 1.29% to $61.18. Over the last five days, the stock has lost -26.63%. Kura Sushi USA Inc shares have fallen nearly -19.50% since the year began. Nevertheless, the stocks have fallen -34.18% over the past one year. While a 52-week high of $122.81 was reached on 03/28/24, a 52-week low of $51.02 was recorded on 06/28/24. SMA at 50 days reached $96.49, while 200 days put it at $86.19. A total of 0.25 million shares were traded, compared to the trading of 0.33 million shares in the previous session.

Levels Of Support And Resistance For KRUS Stock

The 24-hour chart illustrates a support level at 60.06, which if violated will result in even more drops to 58.93. On the upside, there is a resistance level at 62.50. A further resistance level may holdings at 63.81. The Relative Strength Index (RSI) on the 14-day chart is 21.38, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -18.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.78%. Stochastics%K at 4.43% indicates the stock is a buying.

The most recent change occurred on April 26, 2023 when Lake Street began covering the stock and recommended ‘”a Hold”‘ rating along with a $65 price target.

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