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Augmedix Inc (AUGX) receives a Hold rating from Lake Street

In a filing, Augmedix Inc revealed its PRESIDENT, CEO, AND SECRETARY Krakaris Emmanuel unloaded Company’s shares for reported $4198.0 on May 15 ’24. In the deal valued at $1.19 per share,3,528 shares were sold. As a result of this transaction, Krakaris Emmanuel now holds 58,898 shares worth roughly $0.13 million.

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Then, Breber Sandra sold 2,354 shares, generating $2,801 in total proceeds. Upon selling the shares at $1.19, the CHIEF OPERATING OFFICER now owns 16,396 shares.

Before that, Ginocchio Paul sold 2,354 shares. Augmedix Inc shares valued at $2,801 were divested by the CHIEF FINANCIAL OFFICER at a price of $1.19 per share. As a result of the transaction, Ginocchio Paul now holds 131,896 shares, worth roughly $0.3 million.

Lake Street downgraded its Augmedix Inc [AUGX] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who decreased its forecast for the stock in late July from “a Buy” to “a Neutral”. Maxim Group also remained covering AUGX and has decreased its forecast on May 14, 2024 with a “Hold” recommendation from previously “Buy” rating. Evercore ISI revised its rating on May 14, 2024. It rated AUGX as “an In-line” which previously was an “an Outperform”.

Price Performance Review of AUGX

On Monday, Augmedix Inc [NASDAQ:AUGX] saw its stock unchanged to $2.27. Augmedix Inc shares have fallen nearly -61.20% since the year began. Nevertheless, the stocks have fallen -42.82% over the past one year. While a 52-week high of $6.25 was reached on 01/02/24, a 52-week low of $0.73 was recorded on 06/06/24. SMA at 50 days reached $1.12, while 200 days put it at $3.63. A total of 1.2 million shares were traded, compared to the trading of 0.28 million shares in the previous session.

Levels Of Support And Resistance For AUGX Stock

The 24-hour chart illustrates a support level at 2.27, which if violated will result in even more drops to 2.26. On the upside, there is a resistance level at 2.28. A further resistance level may holdings at 2.28. The Relative Strength Index (RSI) on the 14-day chart is 85.96, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 2.10%. Stochastics%K at 97.99% indicates the stock is a selling.

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