Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Quipt Home Medical Corp shares valued at $41,634 were purchased by Gamble Patrick Dennis on Dec 26 ’24. At $2.45 per share, Gamble Patrick Dennis acquired 17,000 shares. The insider’s holdings grew to 40,057 shares worth approximately $79713.43 following the completion of this transaction.
As published in a research note from Raymond James on May 17, 2024, Quipt Home Medical Corp [QIPT] has been rated down from a Mkt perform to an Underperform. Analysts at Raymond James downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid February. Earlier on October 20, 2021, The Benchmark Company initiated its rating. Their recommendation was “a Buy” for QIPT stock.
Analyzing QIPT Stock Performance
During the last five days, there has been a drop of approximately -0.50%. Over the course of the year, Quipt Home Medical Corp shares have dropped approximately -34.75%. Shares of the company reached a 52-week high of $3.27 on 01/31/25 and a 52-week low of $1.86 on 04/07/25. A 50-day SMA is recorded $2.44, while a 200-day SMA reached $2.79.
Support And Resistance Levels for Quipt Home Medical Corp (QIPT)
According to the 24-hour chart, there is a support level at 1.96, which, if violated, would cause prices to drop to 1.92. In the upper region, resistance lies at 2.01. The next price resistance is at 2.03. RSI (Relative Strength Index) is 37.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.11, which suggests the price will decrease in the coming days. Percent R is at 75.47%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
