SkyWater Technology Inc’s recently made public that its Director Unterseher Loren A unloaded Company’s shares for reported $71916.0 on Dec 13 ’24. In the deal valued at $9.27 per share,7,761 shares were sold. As a result of this transaction, Unterseher Loren A now holds 12,806,264 shares worth roughly $167.51 million.
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Then, Unterseher Loren A sold 100,000 shares, generating $937,740 in total proceeds. Upon selling the shares at $9.38, the Director now owns 12,919,620 shares.
Before that, Unterseher Loren A sold 61,299 shares. SkyWater Technology Inc shares valued at $575,224 were divested by the Director at a price of $9.38 per share. As a result of the transaction, Unterseher Loren A now holds 12,858,321 shares, worth roughly $168.19 million.
TD Cowen reiterated its SkyWater Technology Inc [SKYT] rating to an Outperform in a research note published on February 27, 2024; the price target was $15. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in late February has reiterated a ‘”a Buy”‘ rating for it. Craig Hallum began covering SKYT with “Buy” recommendation on April 26, 2022. Jefferies revised its rating on August 05, 2021. It rated SKYT as “a Hold” which previously was an “a Buy”.
Price Performance Review of SKYT
On Tuesday, SkyWater Technology Inc [NASDAQ:SKYT] saw its stock jump 28.74% to $13.08. Over the last five days, the stock has gained 43.58%. SkyWater Technology Inc shares have risen nearly 35.97% since the year began. Nevertheless, the stocks have risen 60.89% over the past one year. While a 52-week high of $12.97 was reached on 12/17/24, a 52-week low of $5.63 was recorded on 08/05/24. SMA at 50 days reached $9.28, while 200 days put it at $8.89.
Levels Of Support And Resistance For SKYT Stock
The 24-hour chart illustrates a support level at 10.71, which if violated will result in even more drops to 8.34. On the upside, there is a resistance level at 14.50. A further resistance level may holdings at 15.92. The Relative Strength Index (RSI) on the 14-day chart is 81.49, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.69, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.10%. Stochastics %K at 82.60% indicates the stock is a selling.
How much short interest is there in SkyWater Technology Inc?
A steep rise in short interest was recorded in SkyWater Technology Inc stocks on 2024-11-29, growing by 19201.0 shares to a total of 2.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.32 million shares. There was a rise of 0.82%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 16, 2021 when Needham began covering the stock and recommended ‘”a Buy”‘ rating along with a $40 price target.
