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An Analysis of Badger Meter Inc (BMI)’s Potential Price Growth

Badger Meter Inc’s recently made public that its VP-Sales & Marketing Stoll Kimberly K unloaded Company’s shares for reported $0.22 million on Aug 21 ’24. In the deal valued at $205.00 per share,1,097 shares were sold. As a result of this transaction, Stoll Kimberly K now holds 3,861 shares worth roughly $0.85 million.

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Then, Stoll Kimberly K bought 1,097 shares, generating $225,000 in total proceeds.

Before that, Begale Fred J sold 1,203 shares. Badger Meter Inc shares valued at $195,993 were divested by the VP-Engineering at a price of $162.92 per share. As a result of the transaction, Begale Fred J now holds 2,181 shares, worth roughly $0.48 million.

Maxim Group reiterated its Badger Meter Inc [BMI] rating to a Buy in a research note published on October 18, 2024; the price target was $235. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who began to cover the stock in mid September with a ‘”a Buy”‘ rating. Maxim Group also remained covering BMI and reiterated its “Buy” recommendation on April 19, 2024. Northcoast revised its rating on April 18, 2024. It rated BMI as “a Neutral” which previously was an “a Sell”.

Price Performance Review of BMI

On Tuesday, Badger Meter Inc [NYSE:BMI] saw its stock jump 1.42% to $219.95. Over the last five days, the stock has lost -3.16%. Badger Meter Inc shares have risen nearly 42.51% since the year began. Nevertheless, the stocks have risen 42.35% over the past one year. While a 52-week high of $239.11 was reached on 12/12/24, a 52-week low of $139.50 was recorded on 02/06/24. SMA at 50 days reached $216.74, while 200 days put it at $197.25.

Levels Of Support And Resistance For BMI Stock

The 24-hour chart illustrates a support level at 216.52, which if violated will result in even more drops to 213.04. On the upside, there is a resistance level at 221.90. A further resistance level may holdings at 223.79. The Relative Strength Index (RSI) on the 14-day chart is 48.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.52%. Stochastics %K at 20.64% indicates the stock is a holding.

How much short interest is there in Badger Meter Inc?

A steep rise in short interest was recorded in Badger Meter Inc stocks on 2024-11-29, dropping by 51315.0 shares to a total of 0.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.0 million shares. There was a decline of -5.43%, which implies that there is a negative sentiment for the stock.

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