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 fall -2.56% to $7.60. Over the last five days, the stock has gained 3.83%. Genius Sports Limited shares have risen nearly 22.98% since the year began. Nevertheless, the stocks have risen 51.09% 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 $7.50, while 200 days put it at $6.30.
Levels Of Support And Resistance For GENI Stock
The 24-hour chart illustrates a support level at 7.42, which if violated will result in even more drops to 7.25. On the upside, there is a resistance level at 7.77. A further resistance level may holdings at 7.94. The Relative Strength Index (RSI) on the 14-day chart is 51.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.13%. Stochastics %K at 36.91% indicates the stock is a holding.
How much short interest is there in Genius Sports Limited?
A steep rise in short interest was recorded in Genius Sports Limited stocks on 2024-09-30, growing by 2.78 million shares to a total of 17.42 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 14.64 million shares. There was a rise of 15.95%, 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.
