Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Orion Energy Systems Inc shares valued at $22,900 were purchased by RICHSTONE ELLEN B on Jun 14 ’24. At $1.15 per share, RICHSTONE ELLEN B acquired 20,000 shares. The insider’s holdings grew to 256,784 shares worth approximately $0.26 million following the completion of this transaction.
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Also, Wishart-Smith Heather L purchased 9,025 shares, netting a total of over 10,017 in proceeds. Following the buying of shares at $1.11 each, the insider now holds 67,223 shares.
Before that, Otten Anthony L. had added 5,000 shares to its account. In a trade valued at $5,450, the Director bought Orion Energy Systems Inc shares for $1.09 each. Upon closing the transaction, the insider’s holdings increased to 5,000 shares, worth approximately $0.21 million.
As published in a research note from B. Riley Securities on November 10, 2021, Orion Energy Systems Inc [OESX] has been rated down from a Buy to a Neutral and the price target has been revised to $8.50 from $5. Analysts at ROTH Capital downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early June. Earlier on March 16, 2020, ROTH Capital upgraded its rating. Their new recommendation was “a Buy” for OESX stock which previously was a “a Neutral”.
Analyzing OESX Stock Performance
During the last five days, there has been a drop of approximately -15.00%. Over the course of the year, Orion Energy Systems Inc shares have jumped approximately 17.70%. Shares of the company reached a 52-week high of $1.5300 on 06/21/24 and a 52-week low of $0.8400 on 04/26/24. A 50-day SMA is recorded $1.0093, while a 200-day SMA reached $1.0022. Nevertheless, trading volume fell to 80040.0 shares from 0.17 million shares the previous day.
Support And Resistance Levels for Orion Energy Systems Inc (OESX)
According to the 24-hour chart, there is a support level at 0.9768, which, if violated, would cause prices to drop to 0.9486. In the upper region, resistance lies at 1.0366. The next price resistance is at 1.0682. RSI (Relative Strength Index) is 44.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1670, which suggests the price will decrease in the coming days. Percent R is at 95.49%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
