Energy Recovery Inc’s filing revealed that its Director Hanstveit Arve acquired Company’s shares for reported $0.82 million on Mar 11 ’25. In the deal valued at $16.32 per share,50,000 shares were bought.
Then, Clemente Rodney bought 1,843 shares, generating $29,912 in total proceeds.
Before that, Clemente Rodney sold 21,444 shares. Energy Recovery Inc shares valued at $330,709 were divested by the SVP, Water at a price of $15.42 per share. As a result of the transaction, Clemente Rodney now holds 111,109 shares, worth roughly $1.84 million.
Seaport Research Partners initiated its Energy Recovery Inc [ERII] rating to a Buy in a research note published on December 05, 2024; the price target was $22. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in early July from “an Outperform” to “a Strong buy”. B. Riley Securities began covering ERII with “Buy” recommendation on November 17, 2022. Raymond James revised its rating on November 08, 2022. It rated ERII as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of ERII
On Tuesday, Energy Recovery Inc [NASDAQ:ERII] saw its stock jump 1.97% to $16.54. Over the last five days, the stock has gained 8.67%. Energy Recovery Inc shares have risen nearly 12.52% since the year began. Nevertheless, the stocks have risen 6.30% over the past one year. While a 52-week high of $20.27 was reached on 03/11/25, a 52-week low of $12.26 was recorded on 01/13/25. SMA at 50 days reached $14.89, while 200 days put it at $15.67.
Levels Of Support And Resistance For ERII Stock
The 24-hour chart illustrates a support level at 16.19, which if violated will result in even more drops to 15.84. On the upside, there is a resistance level at 16.84. A further resistance level may holdings at 17.14. The Relative Strength Index (RSI) on the 14-day chart is 70.30, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.02, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.31%. Stochastics %K at 90.65% indicates the stock is a selling.
