The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Stereotaxis Inc shares valued at $1,527 were purchased by Isaac Paul J on Aug 19 ’24. At $1.88 per share, Isaac Paul J acquired 812 shares. The insider’s holdings grew to 2,767,626 shares worth approximately $6.25 million following the completion of this transaction.
Also, Isaac Paul J purchased 442 shares, netting a total of over 831 in proceeds. Following the buying of shares at $1.88 each, the insider now holds 2,768,068 shares.
Before that, Isaac Paul J had added 8,095 shares to its account. In a trade valued at $15,350, the Director bought Stereotaxis Inc shares for $1.90 each. Upon closing the transaction, the insider’s holdings increased to 8,095 shares, worth approximately $6.25 million.
As published in their initiating research note from ROTH MKM on January 10, 2024, Stereotaxis Inc [STXS] has been a Buy and the price target has been revised to $5. Analysts at Aegis Capital started covering the stock with ‘”a Buy”‘ outlook in a report released in mid July. As of June 23, 2022, B. Riley Securities has initiated its “Buy” rating for STXS. Earlier on January 05, 2022, Loop Capital initiated its rating. Their recommendation was “a Buy” for STXS stock.
Analyzing STXS Stock Performance
During the last five days, there has been a surge of approximately 0.89%. Over the course of the year, Stereotaxis Inc shares have jumped approximately 29.14%. Shares of the company reached a 52-week high of $3.29 on 04/05/24 and a 52-week low of $1.66 on 06/26/24. A 50-day SMA is recorded $2.07, while a 200-day SMA reached $2.14. Nevertheless, trading volume fell to 0.58 million shares from 0.3 million shares the previous day.
Support And Resistance Levels for Stereotaxis Inc (STXS)
According to the 24-hour chart, there is a support level at 2.16, which, if violated, would cause prices to drop to 2.07. In the upper region, resistance lies at 2.41. The next price resistance is at 2.56. RSI (Relative Strength Index) is 53.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.08, which suggests the price will decrease in the coming days. Percent R is at 59.29%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
