Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Natural Gas Services Group, Inc shares valued at $280,000 were sold by Taylor Stephen Charles on Nov 22 ’24. At $28.00 per share, Taylor Stephen Charles sold 10,000 shares. The insider’s holdings dropped to 468,387 shares worth approximately $12.89 million following the completion of this transaction.
Also, Taylor Stephen Charles sold 600 shares, netting a total of over 17,100 in proceeds. Following the sale of shares at $28.50 each, the insider now holds 467,787 shares.
Before that, Taylor Stephen Charles had added 10,000 shares to its account. In a trade valued at $285,000, the Director bought Natural Gas Services Group, Inc shares for $28.50 each.
As published in their initiating research note from Raymond James on August 07, 2024, Natural Gas Services Group, Inc [NGS] has been a Strong buy and the price target has been revised to $27. Analysts at Stifel started covering the stock with ‘”a Buy”‘ outlook in a report released in mid December. As of August 07, 2019, Maxim Group has reiterated its “Buy” rating for NGS. Earlier on January 25, 2019, Maxim Group initiated its rating. Their recommendation was “a Buy” for NGS stock.
Analyzing NGS Stock Performance
During the last five days, there has been a surge of approximately 6.25%. Over the course of the year, Natural Gas Services Group, Inc shares have jumped approximately 71.21%. Shares of the company reached a 52-week high of $28.50 on 11/25/24 and a 52-week low of $13.70 on 01/17/24. A 50-day SMA is recorded $21.64, while a 200-day SMA reached $20.62. Nevertheless, trading volume fell to 50272.0 shares from 72600.0 shares the previous day.
Support And Resistance Levels for Natural Gas Services Group, Inc (NGS)
According to the 24-hour chart, there is a support level at 27.21, which, if violated, would cause prices to drop to 26.90. In the upper region, resistance lies at 28.02. The next price resistance is at 28.52. RSI (Relative Strength Index) is 77.47 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.83, which suggests the price will increase in the coming days. Percent R is at 16.70%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
