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Needham gives a Buy recommendation for SI-BONE Inc (SIBN)

SI-BONE Inc’s recently made public that its Director DUNN JEFFREY W unloaded Company’s shares for reported $4621.0 on Nov 04 ’24. In the deal valued at $13.55 per share,341 shares were sold. As a result of this transaction, DUNN JEFFREY W now holds 22,040 shares worth roughly $0.27 million.

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Then, RECUPERO ANTHONY J sold 3,305 shares, generating $44,877 in total proceeds. Upon selling the shares at $13.58, the President, Commercial Ops now owns 233,412 shares.

Before that, RECUPERO ANTHONY J sold 921 shares. SI-BONE Inc shares valued at $12,526 were divested by the President, Commercial Ops at a price of $13.60 per share. As a result of the transaction, RECUPERO ANTHONY J now holds 232,491 shares, worth roughly $2.87 million.

Needham reiterated its SI-BONE Inc [SIBN] rating to a Buy in a research note published on August 06, 2024; the price target was $19. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in late March with a ‘”an Overweight”‘ rating. Jefferies began covering SIBN with “Buy” recommendation on October 12, 2022.

Price Performance Review of SIBN

On Monday, SI-BONE Inc [NASDAQ:SIBN] saw its stock fall -4.33% to $12.36. Over the last five days, the stock has lost -22.36%. SI-BONE Inc shares have fallen nearly -41.11% since the year began. Nevertheless, the stocks have fallen -30.09% over the past one year. While a 52-week high of $21.70 was reached on 02/12/24, a 52-week low of $11.76 was recorded on 06/25/24. SMA at 50 days reached $13.97, while 200 days put it at $15.15.

Levels Of Support And Resistance For SIBN Stock

The 24-hour chart illustrates a support level at 12.09, which if violated will result in even more drops to 11.82. On the upside, there is a resistance level at 12.86. A further resistance level may holdings at 13.37. The Relative Strength Index (RSI) on the 14-day chart is 40.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.95%. Stochastics %K at 10.19% indicates the stock is a buying.

How much short interest is there in SI-BONE Inc?

A steep rise in short interest was recorded in SI-BONE Inc stocks on 2024-10-31, dropping by 76428.0 shares to a total of 1.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.69 million shares. There was a decline of -4.73%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on June 08, 2021 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $40 price target.

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