Following these proceedings, A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in mid April with a ‘”a Buy”‘ rating. Macquarie started covering the stock on December 21, 2023. It rated GENI as “an Outperform”.
Price Performance Review of GENI
On Tuesday, Genius Sports Limited [NYSE:GENI] saw its stock jump 0.41% to $7.32. Over the last five days, the stock has lost -1.61%. Genius Sports Limited shares have risen nearly 18.45% since the year began. Nevertheless, the stocks have risen 40.23% over the past one year. While a 52-week high of $8.64 was reached on 09/25/24, a 52-week low of $4.62 was recorded on 05/01/24. SMA at 50 days reached $7.40, while 200 days put it at $6.27.
Levels Of Support And Resistance For GENI Stock
The 24-hour chart illustrates a support level at 7.18, which if violated will result in even more drops to 7.05. On the upside, there is a resistance level at 7.43. A further resistance level may holdings at 7.55. The Relative Strength Index (RSI) on the 14-day chart is 44.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.27%. Stochastics %K at 15.91% indicates the stock is a buying.
How much short interest is there in Genius Sports Limited?
A steep rise in short interest was recorded in Genius Sports Limited stocks on 2024-09-13, growing by 3.61 million shares to a total of 14.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 11.35 million shares. There was a rise of 24.12%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 12, 2023 when Cantor Fitzgerald began covering the stock and recommended ‘”an Overweight”‘ rating along with a $8 price target.
