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Recent Insider Activity Could Benefit Augmedix Inc (AUGX)

Augmedix Inc’s recently made public that its CHIEF TECHNOLOGY OFFICER Chatterjee Saurav unloaded Company’s shares for reported $2103.0 on May 15 ’24. In the deal valued at $1.19 per share,1,767 shares were sold. As a result of this transaction, Chatterjee Saurav now holds 2,921 shares worth roughly $6776.719999999999.

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Then, Shakil Ian sold 1,387 shares, generating $1,651 in total proceeds. Upon selling the shares at $1.19, the CHIEF STRATEGY OFFICER now owns 5,363 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 $0.31 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 Friday, Augmedix Inc [NASDAQ:AUGX] saw its stock unchanged to $2.32. Over the last five days, the stock has gained 1.31%. Augmedix Inc shares have fallen nearly -60.34% since the year began. Nevertheless, the stocks have fallen -50.21% 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 $1.75, while 200 days put it at $3.30.

Levels Of Support And Resistance For AUGX Stock

The 24-hour chart illustrates a support level at 2.31, which if violated will result in even more drops to 2.31. On the upside, there is a resistance level at 2.32. A further resistance level may holdings at 2.33. The Relative Strength Index (RSI) on the 14-day chart is 80.72, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.29%. Stochastics %K at 82.14% indicates the stock is a selling.

How much short interest is there in Augmedix Inc?

A steep rise in short interest was recorded in Augmedix Inc stocks on 2024-08-15, dropping by -0.15 million shares to a total of 1.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 1.72 million shares. There was a decline of -9.46%, which implies that there is a negative sentiment for the stock.

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