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Examining the Potential Price Growth of Simulations Plus Inc. (SLP)

In a filing, Simulations Plus Inc. revealed its Director WOLTOSZ WALTER S unloaded Company’s shares for reported $0.79 million on Aug 01 ’24. In the deal valued at $39.63 per share,20,000 shares were sold. As a result of this transaction, WOLTOSZ WALTER S now holds 3,521,592 shares worth roughly $129.42 million.

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Then, WOLTOSZ WALTER S sold 20,000 shares, generating $934,227 in total proceeds. Upon selling the shares at $46.71, the Director now owns 3,540,857 shares.

Before that, WEINER DANIEL L sold 750 shares. Simulations Plus Inc. shares valued at $36,990 were divested by the Director at a price of $49.32 per share. As a result of the transaction, WEINER DANIEL L now holds 7,009 shares, worth roughly $0.26 million.

KeyBanc Capital Markets initiated its Simulations Plus Inc. [SLP] rating to an Overweight in a research note published on July 29, 2024; the price target was $47. A number of analysts have revised their coverage, including JMP Securities’s analysts, who began to cover the stock in mid July with a ‘”a Mkt perform”‘ rating. William Blair began covering SLP with “an Outperform” recommendation on June 28, 2024. BTIG Research started covering the stock on May 09, 2023. It rated SLP as “a Buy”.

Price Performance Review of SLP

On Tuesday, Simulations Plus Inc. [NASDAQ:SLP] saw its stock jump 1.16% to $36.75. Over the last five days, the stock has lost -1.37%. Simulations Plus Inc. shares have fallen nearly -17.88% since the year began. Nevertheless, the stocks have fallen -22.83% over the past one year. While a 52-week high of $51.22 was reached on 05/15/24, a 52-week low of $32.69 was recorded on 08/05/24. SMA at 50 days reached $42.76, while 200 days put it at $42.37.

Levels Of Support And Resistance For SLP Stock

The 24-hour chart illustrates a support level at 36.28, which if violated will result in even more drops to 35.82. On the upside, there is a resistance level at 37.05. A further resistance level may holdings at 37.35. The Relative Strength Index (RSI) on the 14-day chart is 35.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.59%. Stochastics%K at 19.94% indicates the stock is a buying.

How much short interest is there in Simulations Plus Inc.?

A steep rise in short interest was recorded in Simulations Plus Inc. stocks on , growing by 0.12 million shares to a total of 1.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 1.23 million shares. There was a rise of 8.68%, which implies that there is a positive sentiment for the stock.

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