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DocGo Inc (DCGO) gets rating Initiated from BTIG Research

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DocGo Inc’s recent filing unveils that its Director Burdiek Michael J acquired Company’s shares for reported $34000.0 on May 14 ’24. In the deal valued at $3.40 per share,10,000 shares were bought. As a result of this transaction, Burdiek Michael J now holds 581,595 shares worth roughly $2.08 million.

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Then, Tendler Ely D bought 10,000 shares, generating $31,300 in total proceeds. Upon buying the shares at $3.13, the General Counsel and Secretary now owns 162,933 shares.

Before that, Bienstock Lee bought 25,000 shares. DocGo Inc shares valued at $78,750 were divested by the Chief Executive Officer at a price of $3.15 per share. As a result of the transaction, Bienstock Lee now holds 1,220,845 shares, worth roughly $4.36 million.

BTIG Research initiated its DocGo Inc [DCGO] rating to a Buy in a research note published on August 18, 2023; the price target was $15. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in late April with a ‘”an Overweight”‘ rating. Deutsche Bank began covering DCGO with “Buy” recommendation on April 19, 2022. Stifel started covering the stock on January 19, 2022. It rated DCGO as “a Buy”.

Price Performance Review of DCGO

On Tuesday, DocGo Inc [NASDAQ:DCGO] saw its stock fall -1.92% to $3.57. Over the last five days, the stock has gained 1.42%. DocGo Inc shares have fallen nearly -36.14% since the year began. Nevertheless, the stocks have fallen -37.37% over the past one year. While a 52-week high of $6.90 was reached on 01/02/24, a 52-week low of $2.75 was recorded on 07/10/24. SMA at 50 days reached $3.44, while 200 days put it at $3.69.

Levels Of Support And Resistance For DCGO Stock

The 24-hour chart illustrates a support level at 3.47, which if violated will result in even more drops to 3.37. On the upside, there is a resistance level at 3.72. A further resistance level may holdings at 3.88. The Relative Strength Index (RSI) on the 14-day chart is 50.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.75%. Stochastics %K at 46.48% indicates the stock is a holding.

How much short interest is there in DocGo Inc?

A steep rise in short interest was recorded in DocGo Inc stocks on 2024-08-30, dropping by 59422.0 shares to a total of 7.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 7.85 million shares. There was a decline of -0.76%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on December 21, 2021 when Canaccord Genuity began covering the stock and recommended ‘”a Buy”‘ rating along with a $13 price target.

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