Energy Recovery Inc’s filing revealed that its SVP, Water Clemente Rodney unloaded Company’s shares for reported $0.39 million on Nov 07 ’24. In the deal valued at $20.00 per share,19,618 shares were sold. As a result of this transaction, Clemente Rodney now holds 114,205 shares worth roughly $1.67 million.
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Then, Clemente Rodney sold 4,207 shares, generating $84,392 in total proceeds. Upon selling the shares at $20.06, the SVP, Water now owns 106,367 shares.
Before that, Clemente Rodney sold 3,631 shares. Energy Recovery Inc shares valued at $73,176 were divested by the SVP, Water at a price of $20.15 per share. As a result of the transaction, Clemente Rodney now holds 110,574 shares, worth roughly $1.62 million.
Raymond James upgraded its Energy Recovery Inc [ERII] rating to a Strong buy from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in mid November with a ‘”a Buy”‘ rating. Raymond James also remained covering ERII and has increased its forecast on November 08, 2022 with a “an Outperform” recommendation from previously “Mkt perform” rating. Raymond James revised its rating on July 07, 2021. It rated ERII as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of ERII
On Monday, Energy Recovery Inc [NASDAQ:ERII] saw its stock fall -21.81% to $14.66. Over the last five days, the stock has lost -26.44%. Energy Recovery Inc shares have fallen nearly -22.19% since the year began. Nevertheless, the stocks have fallen -24.51% over the past one year. While a 52-week high of $20.27 was reached on 11/08/24, a 52-week low of $12.26 was recorded on 06/21/24. SMA at 50 days reached $17.78, while 200 days put it at $15.49.
Levels Of Support And Resistance For ERII Stock
The 24-hour chart illustrates a support level at 13.14, which if violated will result in even more drops to 11.62. On the upside, there is a resistance level at 17.51. A further resistance level may holdings at 20.36. The Relative Strength Index (RSI) on the 14-day chart is 25.05, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.72%. Stochastics %K at 44.97% indicates the stock is a holding.
How much short interest is there in Energy Recovery Inc?
A steep rise in short interest was recorded in Energy Recovery Inc stocks on 2024-10-31, dropping by -0.11 million shares to a total of 2.2 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.3 million shares. There was a decline of -4.8%, which implies that there is a negative sentiment for the stock.
