Ameresco Inc’s filing revealed that its Officer Hole Spencer Doran acquired Company’s shares for reported $0.38 million on Nov 27 ’24. In the deal valued at $27.20 per share,14,000 shares were bought.
Then, Hole Spencer Doran bought 7,000 shares, generating $189,000 in total proceeds.
Before that, Sutton Joseph W. bought 10,000 shares. Ameresco Inc shares valued at $260,000 were divested by the Director at a price of $26.00 per share. As a result of the transaction, Sutton Joseph W. now holds 35,225 shares, worth roughly $0.83 million.
Jefferies initiated its Ameresco Inc [AMRC] rating to a Hold in a research note published on September 04, 2024; the price target was $33. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who increased its forecast for the stock in mid March from “a Neutral” to “an Outperform”. Guggenheim also remained covering AMRC and has decreased its forecast on February 29, 2024 with a “Neutral” recommendation from previously “Buy” rating. BofA Securities revised its rating on December 15, 2023. It rated AMRC as “a Neutral” which previously was an “a Buy”.
Price Performance Review of AMRC
On Tuesday, Ameresco Inc [NYSE:AMRC] saw its stock jump 2.22% to $23.48. Over the last five days, the stock has gained 2.76%. Ameresco Inc shares have fallen nearly -25.86% since the year began. Nevertheless, the stocks have fallen -25.86% over the past one year. While a 52-week high of $39.68 was reached on 09/27/24, a 52-week low of $17.55 was recorded on 03/05/24. SMA at 50 days reached $27.37, while 200 days put it at $28.76.
Levels Of Support And Resistance For AMRC Stock
The 24-hour chart illustrates a support level at 23.18, which if violated will result in even more drops to 22.88. On the upside, there is a resistance level at 23.69. A further resistance level may holdings at 23.90. The Relative Strength Index (RSI) on the 14-day chart is 39.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.03%. Stochastics %K at 24.52% indicates the stock is a holding.
How much short interest is there in Ameresco Inc?
A steep rise in short interest was recorded in Ameresco Inc stocks on 2024-12-13, dropping by -0.2 million shares to a total of 3.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 3.2 million shares. There was a decline of -6.75%, which implies that there is a negative sentiment for the stock.
