Energy Recovery Inc’s filing revealed that its President and CEO Moon David W acquired Company’s shares for reported $48009.0 on Aug 05 ’24. In the deal valued at $16.00 per share,3,000 shares were bought. As a result of this transaction, Moon David W now holds 32,750 shares worth roughly $0.55 million.
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Then, Ballard Joshua bought 7,903 shares, generating $136,169 in total proceeds.
Before that, Ghasripoor Farshad bought 4,079 shares. Energy Recovery Inc shares valued at $59,673 were divested by the Officer at a price of $14.63 per share.
Raymond James upgraded its Energy Recovery Inc [ERII] rating to a Strong buy from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in mid November with a ‘”a Buy”‘ rating. Raymond James also remained covering ERII and has increased its forecast on November 08, 2022 with a “an Outperform” recommendation from previously “Mkt perform” rating. Raymond James revised its rating on July 07, 2021. It rated ERII as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of ERII
On Tuesday, Energy Recovery Inc [NASDAQ:ERII] saw its stock jump 0.60% to $16.70. Over the last five days, the stock has gained 5.30%. Energy Recovery Inc shares have fallen nearly -11.36% since the year began. Nevertheless, the stocks have fallen -39.07% over the past one year. While a 52-week high of $28.02 was reached on 01/02/24, a 52-week low of $12.26 was recorded on 06/21/24. SMA at 50 days reached $14.14, while 200 days put it at $15.59.
Levels Of Support And Resistance For ERII Stock
The 24-hour chart illustrates a support level at 16.41, which if violated will result in even more drops to 16.11. On the upside, there is a resistance level at 16.88. A further resistance level may holdings at 17.05. The Relative Strength Index (RSI) on the 14-day chart is 63.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.53%. Stochastics%K at 70.08% indicates the stock is a holding.
How much short interest is there in Energy Recovery Inc?
A steep rise in short interest was recorded in Energy Recovery Inc stocks on
