Kodiak Gas Services Inc’s recently made public that its 10% Owner Frontier TopCo Partnership, L. unloaded Company’s shares for reported $167.39 million on Sep 09 ’24. In the deal valued at $23.91 per share,7,000,000 shares were sold. As a result of this transaction, Frontier TopCo Partnership, L. now holds 52,000,000 shares worth roughly $1.4 billion.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Montana Margaret C bought 110 shares, generating $2,873 in total proceeds. Upon buying the shares at $26.12, the Director now owns 22,004 shares.
Before that, Montana Margaret C bought 2,000 shares. Kodiak Gas Services Inc shares valued at $50,500 were divested by the Director at a price of $25.25 per share. As a result of the transaction, Montana Margaret C now holds 16,375 shares, worth roughly $0.44 million.
A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early March from “an Overweight” to “a Neutral”. Raymond James also remained covering KGS and reiterated its “an Outperform” recommendation on August 11, 2023. Truist started covering the stock on July 24, 2023. It rated KGS as “a Buy”.
Price Performance Review of KGS
On Monday, Kodiak Gas Services Inc [NYSE:KGS] saw its stock jump 0.97% to $26.93. Over the last five days, the stock has gained 6.74%. Kodiak Gas Services Inc shares have risen nearly 34.11% since the year began. Nevertheless, the stocks have risen 49.28% over the past one year. While a 52-week high of $29.75 was reached on 07/18/24, a 52-week low of $16.72 was recorded on 01/02/24. SMA at 50 days reached $27.20, while 200 days put it at $25.32.
Levels Of Support And Resistance For KGS Stock
The 24-hour chart illustrates a support level at 26.38, which if violated will result in even more drops to 25.84. On the upside, there is a resistance level at 27.30. A further resistance level may holdings at 27.68. The Relative Strength Index (RSI) on the 14-day chart is 51.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.76%. Stochastics %K at 51.59% indicates the stock is a holding.
How much short interest is there in Kodiak Gas Services Inc?
A steep rise in short interest was recorded in Kodiak Gas Services Inc stocks on 2024-08-30, growing by 1.61 million shares to a total of 3.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 1.68 million shares. There was a rise of 49.07%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 24, 2023 when Stifel began covering the stock and recommended ‘”a Buy”‘ rating along with a $22 price target.
