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SI-BONE Inc (SIBN) gets rating Reiterated from Needham

SI-BONE Inc’s filing revealed that its Director DUNN JEFFREY W unloaded Company’s shares for reported $20001.0 on Nov 18 ’24. In the deal valued at $12.43 per share,1,609 shares were sold. As a result of this transaction, DUNN JEFFREY W now holds 20,431 shares worth roughly $0.27 million.

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Then, RECUPERO ANTHONY J sold 3,937 shares, generating $49,609 in total proceeds. Upon selling the shares at $12.60, the President, Commercial Ops now owns 228,554 shares.

Before that, RECUPERO ANTHONY J sold 2,070 shares. SI-BONE Inc shares valued at $25,195 were divested by the President, Commercial Ops at a price of $12.17 per share. As a result of the transaction, RECUPERO ANTHONY J now holds 226,484 shares, worth roughly $3.01 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 Tuesday, SI-BONE Inc [NASDAQ:SIBN] saw its stock jump 0.84% to $13.27. Over the last five days, the stock has lost -4.12%. SI-BONE Inc shares have fallen nearly -36.78% since the year began. Nevertheless, the stocks have fallen -36.87% over the past one year. While a 52-week high of $21.70 was reached on 02/12/24, a 52-week low of $11.70 was recorded on 11/21/24. SMA at 50 days reached $13.42, while 200 days put it at $14.38.

Levels Of Support And Resistance For SIBN Stock

The 24-hour chart illustrates a support level at 13.13, which if violated will result in even more drops to 12.98. On the upside, there is a resistance level at 13.40. A further resistance level may holdings at 13.52. The Relative Strength Index (RSI) on the 14-day chart is 47.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.98%. Stochastics %K at 23.81% indicates the stock is a holding.

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

A steep rise in short interest was recorded in SI-BONE Inc stocks on 2024-11-29, dropping by -0.51 million shares to a total of 1.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.62 million shares. There was a decline of -45.48%, 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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