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The Attractiveness of Investing In Eyenovia Inc (EYEN) is Growing

Eyenovia Inc’s filing revealed that its Chief Executive Officer Rowe Michael M acquired Company’s shares for reported $14077.0 on Aug 28 ’24. In the deal valued at $0.52 per share,27,071 shares were bought. As a result of this transaction, Rowe Michael M now holds 109,998 shares worth roughly $0.3 million.

Then, Rowe Michael M bought 50,000 shares, generating $28,500 in total proceeds. Upon buying the shares at $0.57, the Chief Executive Officer now owns 82,927 shares.

Before that, Grant Stuart M. bought 1,515,151 shares. Eyenovia Inc shares valued at $1,000,000 were divested by the 10% Owner at a price of $0.66 per share. As a result of the transaction, Grant Stuart M. now holds 10,914,153 shares, worth roughly $29.8 million.

H.C. Wainwright downgraded its Eyenovia Inc [EYEN] rating to a Neutral from a a Buy in a research note published on November 18, 2024; the price target was decreased to $2 from $12. A number of analysts have revised their coverage, including Northland Capital’s analysts, who began to cover the stock in early March with a ‘”an Outperform”‘ rating. Oppenheimer also remained covering EYEN and has decreased its forecast on February 03, 2020 with a “Perform” recommendation from previously “an Outperform” rating.

Price Performance Review of EYEN

On Tuesday, Eyenovia Inc [NASDAQ:EYEN] saw its stock jump 1.87% to $2.73. Over the last five days, the stock has lost -40.13%. Eyenovia Inc shares have fallen nearly -76.63% since the year began. Nevertheless, the stocks have fallen -98.20% over the past one year. While a 52-week high of $205.60 was reached on 01/07/25, a 52-week low of $2.36 was recorded on 02/03/25. SMA at 50 days reached $6.87, while 200 days put it at $43.51.

Levels Of Support And Resistance For EYEN Stock

The 24-hour chart illustrates a support level at 2.45, which if violated will result in even more drops to 2.18. On the upside, there is a resistance level at 2.96. A further resistance level may holdings at 3.20. The Relative Strength Index (RSI) on the 14-day chart is 30.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.85%. Stochastics %K at 5.99% indicates the stock is a buying.

How much short interest is there in Eyenovia Inc?

A steep rise in short interest was recorded in Eyenovia Inc stocks on 2024-10-31, dropping by -1.15 million shares to a total of 2.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.29 million shares. There was a decline of -53.9%, which implies that there is a negative sentiment for the stock.

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