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Macquarie analysts initates an Outperform rating for Ensign Group Inc (ENSG)

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Ensign Group Inc’s filing revealed that its Director Abbott Swati Bargotra unloaded Company’s shares for reported $0.15 million on Sep 13 ’24. In the deal valued at $152.45 per share,1,000 shares were sold. As a result of this transaction, Abbott Swati Bargotra now holds 16,067 shares worth roughly $2.32 million.

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Then, Abbott Swati Bargotra bought 1,000 shares, generating $152,450 in total proceeds.

Before that, Port Barry sold 5,618 shares. Ensign Group Inc shares valued at $842,700 were divested by the Chief Executive Officer at a price of $150.00 per share. As a result of the transaction, Port Barry now holds 53,716 shares, worth roughly $7.74 million.

Macquarie initiated its Ensign Group Inc [ENSG] rating to an Outperform in a research note published on June 28, 2024; the price target was $134. A number of analysts have revised their coverage, including Berenberg’s analysts, who began to cover the stock in late September with a ‘”a Buy”‘ rating. Stephens revised its rating on November 11, 2020. It rated ENSG as “an Overweight” which previously was an “an Equal-weight”.

Price Performance Review of ENSG

On Friday, Ensign Group Inc [NASDAQ:ENSG] saw its stock fall -2.25% to $144.11. Over the last five days, the stock has lost -4.47%. Ensign Group Inc shares have risen nearly 28.43% since the year began. Nevertheless, the stocks have risen 55.64% over the past one year. While a 52-week high of $154.93 was reached on 09/17/24, a 52-week low of $90.00 was recorded on 02/02/24. SMA at 50 days reached $145.41, while 200 days put it at $126.29.

Levels Of Support And Resistance For ENSG Stock

The 24-hour chart illustrates a support level at 141.34, which if violated will result in even more drops to 138.58. On the upside, there is a resistance level at 146.25. A further resistance level may holdings at 148.40. The Relative Strength Index (RSI) on the 14-day chart is 39.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.14%. Stochastics %K at 22.14% indicates the stock is a holding.

How much short interest is there in Ensign Group Inc?

A steep rise in short interest was recorded in Ensign Group Inc stocks on 2024-09-13, growing by 0.44 million shares to a total of 2.81 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 2.38 million shares. There was a rise of 15.56%, which implies that there is a positive sentiment for the stock.

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