IBEX Ltd’s recent filing unveils that its Director Adia Global LLC acquired Company’s shares for reported $0.36 million on Jan 16 ’25. In the deal valued at $22.45 per share,16,110 shares were bought.
Then, PineBridge Global Emerging Mar bought 124,254 shares, generating $2,738,558 in total proceeds.
Before that, Keen Shuja sold 11,199 shares. IBEX Ltd shares valued at $245,843 were divested by the Director at a price of $21.95 per share. As a result of the transaction, Keen Shuja now holds 47,727 shares, worth roughly $1.06 million.
Piper Sandler downgraded its IBEX Ltd [IBEX] rating to a Neutral from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who decreased its forecast for the stock in mid September from “an Outperform” to “a Sector perform”. Citigroup also remained covering IBEX and has decreased its forecast on July 19, 2022 with a “Neutral” recommendation from previously “Buy” rating.
Price Performance Review of IBEX
On Friday, IBEX Ltd [NASDAQ:IBEX] saw its stock fall -0.67% to $22.13. Over the last five days, the stock has gained 3.12%. IBEX Ltd shares have risen nearly 2.98% since the year began. Nevertheless, the stocks have risen 29.42% over the past one year. While a 52-week high of $22.45 was reached on 01/17/25, a 52-week low of $13.00 was recorded on 01/13/25. SMA at 50 days reached $20.55, while 200 days put it at $17.49.
Levels Of Support And Resistance For IBEX Stock
The 24-hour chart illustrates a support level at 21.99, which if violated will result in even more drops to 21.86. On the upside, there is a resistance level at 22.37. A further resistance level may holdings at 22.62. The Relative Strength Index (RSI) on the 14-day chart is 64.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.22%. Stochastics %K at 88.65% indicates the stock is a selling.
How much short interest is there in IBEX Ltd?
A steep rise in short interest was recorded in IBEX Ltd stocks on 2024-12-31, dropping by 18923.0 shares to a total of 0.13 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 0.15 million shares. There was a decline of -14.66%, which implies that there is a negative sentiment for the stock.
