In a filing, Amerisafe Inc revealed its Director BROWN MICHAEL J acquired Company’s shares for reported $43520.0 on May 30 ’24. In the deal valued at $43.52 per share,1,000 shares were bought. As a result of this transaction, BROWN MICHAEL J now holds 10,055 shares worth roughly $0.48 million.
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Janney initiated its Amerisafe Inc [AMSF] rating to a Neutral in a research note published on February 24, 2023; the price target was $58. A number of analysts have revised their coverage, including Truist’s analysts, who decreased its forecast for the stock in early March from “a Buy” to “a Hold”. Keefe Bruyette began covering AMSF with “Mkt perform” recommendation on April 06, 2018. Boenning & Scattergood started covering the stock on September 25, 2017. It rated AMSF as “a Neutral”.
Price Performance Review of AMSF
On Friday, Amerisafe Inc [NASDAQ:AMSF] saw its stock fall -2.72% to $47.91. Over the last five days, the stock has lost -1.84%. Amerisafe Inc shares have risen nearly 2.42% since the year began. Nevertheless, the stocks have fallen -0.13% over the past one year. While a 52-week high of $54.80 was reached on 03/04/24, a 52-week low of $41.97 was recorded on 06/14/24. SMA at 50 days reached $48.16, while 200 days put it at $47.62.
Levels Of Support And Resistance For AMSF Stock
The 24-hour chart illustrates a support level at 47.03, which if violated will result in even more drops to 46.16. On the upside, there is a resistance level at 49.45. A further resistance level may holdings at 51.00. The Relative Strength Index (RSI) on the 14-day chart is 45.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.62%. Stochastics %K at 54.22% indicates the stock is a holding.
How much short interest is there in Amerisafe Inc?
A steep rise in short interest was recorded in Amerisafe Inc stocks on 2024-08-30, dropping by 53169.0 shares to a total of 0.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 0.23 million shares. There was a decline of -30.79%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 10, 2017 when FBR & Co. resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $64.
