scPharmaceuticals Inc’s filing revealed that its 10% Owner ORBIMED ADVISORS LLC acquired Company’s shares for reported $2.0 million on Aug 13 ’24. In the deal valued at $4.00 per share,500,000 shares were bought. As a result of this transaction, ORBIMED ADVISORS LLC now holds 5,806,670 shares worth roughly $23.05 million.
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Craig Hallum initiated its scPharmaceuticals Inc [SCPH] rating to a Buy in a research note published on September 07, 2023; the price target was $20. A number of analysts have revised their coverage, including Cowen’s analysts, who began to cover the stock in early December with a ‘”an Outperform”‘ rating. SVB Leerink revised its rating on October 11, 2022. It rated SCPH as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of SCPH
On Tuesday, scPharmaceuticals Inc [NASDAQ:SCPH] saw its stock fall -2.33% to $3.97. Over the last five days, the stock has lost -5.58%. scPharmaceuticals Inc shares have fallen nearly -36.60% since the year began. Nevertheless, the stocks have fallen -37.79% over the past one year. While a 52-week high of $6.71 was reached on 01/05/24, a 52-week low of $3.24 was recorded on 05/23/24. SMA at 50 days reached $4.86, while 200 days put it at $4.96.
Levels Of Support And Resistance For SCPH Stock
The 24-hour chart illustrates a support level at 3.83, which if violated will result in even more drops to 3.68. On the upside, there is a resistance level at 4.11. A further resistance level may holdings at 4.25. The Relative Strength Index (RSI) on the 14-day chart is 30.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.44%. Stochastics %K at 6.60% indicates the stock is a buying.
How much short interest is there in scPharmaceuticals Inc?
A steep rise in short interest was recorded in scPharmaceuticals Inc stocks on 2024-09-13, dropping by -0.98 million shares to a total of 4.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 5.23 million shares. There was a decline of -22.93%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 02, 2022 when Maxim Group began covering the stock and recommended ‘”a Buy”‘ rating along with a $10 price target.
