Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Smith Douglas Homes Corp shares valued at $256,182 were purchased by Jackson Jeffrey T on Nov 19 ’24. At $29.77 per share, Jackson Jeffrey T acquired 8,605 shares. The insider’s holdings grew to 15,748 shares worth approximately $0.36 million following the completion of this transaction.
Also, Steele Brett Allen purchased 5,000 shares, netting a total of over 105,000 in proceeds. Following the buying of shares at $21.00 each, the insider now holds 5,000 shares.
As published in a research note from JP Morgan on November 25, 2024, Smith Douglas Homes Corp [SDHC] has been rated down from an Overweight to a Neutral and the price target has been revised to $36 from $41. Analysts at Wolfe Research started covering the stock with ‘”a Peer perform”‘ outlook in a report released in early February. As of February 05, 2024, Wells Fargo has initiated its “an Equal weight” rating for SDHC. Earlier on February 05, 2024, Wedbush initiated its rating. Their recommendation was “a Neutral” for SDHC stock.
Analyzing SDHC Stock Performance
During the last five days, there has been a drop of approximately -12.01%. Over the course of the year, Smith Douglas Homes Corp shares have dropped approximately -12.01%. A 50-day SMA is recorded $31.09, while a 200-day SMA reached $30.55. Nevertheless, trading volume fell to 0.13 million shares from 0.18 million shares the previous day.
Support And Resistance Levels for Smith Douglas Homes Corp (SDHC)
According to the 24-hour chart, there is a support level at 22.29, which, if violated, would cause prices to drop to 22.03. In the upper region, resistance lies at 22.99. The next price resistance is at 23.43. RSI (Relative Strength Index) is 16.75 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.84, which suggests the price will decrease in the coming days. Percent R is at 99.00%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
