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Investing in Neuronetics Inc (STIM): What You Must Know

Neuronetics Inc’s recent filing unveils that its Director CASCELLA ROBERT acquired Company’s shares for reported $75000.0 on Sep 12 ’24. In the deal valued at $0.75 per share,100,000 shares were bought. As a result of this transaction, CASCELLA ROBERT now holds 453,098 shares worth roughly $0.33 million.

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Then, MUIR GLENN P bought 25,000 shares, generating $20,000 in total proceeds. Upon buying the shares at $0.80, the Director now owns 289,818 shares.

Before that, MUIR GLENN P bought 12,776 shares. Neuronetics Inc shares valued at $10,860 were divested by the Director at a price of $0.85 per share. As a result of the transaction, MUIR GLENN P now holds 252,594 shares, worth roughly $0.18 million.

William Blair downgraded its Neuronetics Inc [STIM] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including William Blair’s analysts, who decreased its forecast for the stock in mid October from “an Outperform” to “a Mkt perform”. BTIG Research also remained covering STIM and has decreased its forecast on October 13, 2021 with a “Neutral” recommendation from previously “Buy” rating. William Blair revised its rating on January 22, 2021. It rated STIM as “an Outperform” which previously was an “a Mkt perform”.

Price Performance Review of STIM

On Friday, Neuronetics Inc [NASDAQ:STIM] saw its stock fall -1.22% to $0.73. Over the last five days, the stock has lost -5.68%. Neuronetics Inc shares have fallen nearly -74.79% since the year began. Nevertheless, the stocks have fallen -49.93% over the past one year. While a 52-week high of $5.07 was reached on 04/01/24, a 52-week low of $0.66 was recorded on 08/13/24. SMA at 50 days reached $1.3876, while 200 days put it at $2.6054.

Levels Of Support And Resistance For STIM Stock

The 24-hour chart illustrates a support level at 0.7231, which if violated will result in even more drops to 0.7153. On the upside, there is a resistance level at 0.7457. A further resistance level may holdings at 0.7605. The Relative Strength Index (RSI) on the 14-day chart is 24.93, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0834, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.48%. Stochastics %K at 2.68% indicates the stock is a buying.

How much short interest is there in Neuronetics Inc?

A steep rise in short interest was recorded in Neuronetics Inc stocks on 2024-08-30, growing by 0.45 million shares to a total of 0.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 0.11 million shares. There was a rise of 80.44%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on February 06, 2020 when BTIG Research began covering the stock and recommended ‘”a Buy”‘ rating along with a $11 price target.

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