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Evergy Inc (EVRG) rating initates by Ladenburg Thalmann

Evergy Inc’s recently made public that its Officer Heather Humphrey acquired Company’s shares for reported $0.2 million on Aug 27 ’24. In the deal valued at $59.76 per share,3,347 shares were bought.

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Then, FINANCIAL COUNSELORS INC bought 2,847 shares, generating $161,463 in total proceeds.

Before that, Lawrence Sandra AJ sold 1,000 shares. Evergy Inc shares valued at $58,980 were divested by the Director at a price of $58.98 per share. As a result of the transaction, Lawrence Sandra AJ now holds 2,327 shares, worth roughly $0.14 million.

Ladenburg Thalmann initiated its Evergy Inc [EVRG] rating to a Neutral in a research note published on April 04, 2024; the price target was $51. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in late March with a ‘”a Buy”‘ rating. BofA Securities also remained covering EVRG and has increased its forecast on March 13, 2024 with a “Buy” recommendation from previously “Neutral” rating. Guggenheim revised its rating on January 22, 2024. It rated EVRG as “a Neutral” which previously was an “a Buy”.

Price Performance Review of EVRG

On Tuesday, Evergy Inc [NASDAQ:EVRG] saw its stock fall -1.05% to $58.65. Over the last five days, the stock has gained 1.38%. Evergy Inc shares have risen nearly 12.36% since the year began. Nevertheless, the stocks have risen 3.09% over the past one year. While a 52-week high of $61.14 was reached on 08/02/24, a 52-week low of $46.92 was recorded on 02/08/24. SMA at 50 days reached $56.04, while 200 days put it at $52.91.

Levels Of Support And Resistance For EVRG Stock

The 24-hour chart illustrates a support level at 58.40, which if violated will result in even more drops to 58.14. On the upside, there is a resistance level at 59.12. A further resistance level may holdings at 59.58. The Relative Strength Index (RSI) on the 14-day chart is 56.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.63%. Stochastics%K at 57.71% indicates the stock is a holding.

How much short interest is there in Evergy Inc?

A steep rise in short interest was recorded in Evergy Inc stocks on 2024-07-31, dropping by -1.2 million shares to a total of 7.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 8.46 million shares. There was a decline of -16.52%, which implies that there is a negative sentiment for the stock.

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