Following these proceedings, Citigroup upgraded its D-MARKET Electronic Services & Trading ADR [HEPS] rating to a Buy from a a Neutral in a research note published on June 14, 2023; the price target was increased to $2 from $0.90. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in late August from “a Buy” to “a Neutral”. HSBC Securities began covering HEPS with “Buy” recommendation on August 04, 2021. Morgan Stanley started covering the stock on July 27, 2021. It rated HEPS as “an Equal-weight”.
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Price Performance Review of HEPS
On Tuesday, D-MARKET Electronic Services & Trading ADR [NASDAQ:HEPS] saw its stock fall -3.38% to $3.43. Over the last five days, the stock has gained 56.62%. D-MARKET Electronic Services & Trading ADR shares have risen nearly 90.56% since the year began. Nevertheless, the stocks have risen 185.83% over the past one year. While a 52-week high of $4.05 was reached on 10/18/24, a 52-week low of $1.10 was recorded on 04/12/24. SMA at 50 days reached $2.57, while 200 days put it at $2.07.
Levels Of Support And Resistance For HEPS Stock
The 24-hour chart illustrates a support level at 3.34, which if violated will result in even more drops to 3.24. On the upside, there is a resistance level at 3.59. A further resistance level may holdings at 3.74. The Relative Strength Index (RSI) on the 14-day chart is 75.76, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.29%. Stochastics %K at 71.18% indicates the stock is a holding.
How much short interest is there in D-MARKET Electronic Services & Trading ADR?
A steep rise in short interest was recorded in D-MARKET Electronic Services & Trading ADR stocks on 2024-09-30, growing by 21326.0 shares to a total of 0.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 95911.0 shares. There was a rise of 18.19%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 27, 2021 when JP Morgan began covering the stock and recommended ‘”an Overweight”‘ rating along with a $16.40 price target.
