Senseonics Holdings Inc (AMEX:SENS) shares, rose in value, with the stock price down by -1.69% to the previous day’s close as strong demand from buyers drove the stock to $0.49.
Actively observing the price movement in the last trading, the stock closed the session at $0.50. The value of beta (5-year monthly) was 0.90. Referring to stock’s 52-week performance, its high was $1.05, and the low was $0.46. On the whole, SENS has fluctuated by -13.18% over the past month.
With the market capitalization of Senseonics Holdings Inc currently standing at about $262.15 million, investors are eagerly awaiting this quarter’s results, scheduled for May 07, 2024 – May 13, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.03, which is expected to increase to -$0.03 for fiscal year -$0.13 and then to about -$0.12 by fiscal year 2025. Data indicates that the EPS growth is expected to be -18.20% in 2025, while the next year’s EPS growth is forecast to be 7.70%.
Analysts have estimated the company’s revenue for the quarter at $4.6 million, with a low estimate of $4 million and a high estimate of $4.92 million. According to the average forecast, sales growth in current quarter could jump up 36.50%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $26 million, representing an increase of 16.10% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that SENS’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SENS currently trading nearly -12.53% and -15.99% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 34.24, while the 7-day volatility ratio is showing 5.53% which for the 30-day chart, stands at 5.16%. Furthermore, Senseonics Holdings Inc (SENS)’s beta value is 0.90, and its average true range (ATR) is 0.03.
A comparison of Senseonics Holdings Inc (SENS) with its peers suggests the former has fared considerably weaker in the market. SENS showed an intraday change of -1.69% in last session, and over the past year, it shrunk by -22.46%%.
Data on historical trading for Senseonics Holdings Inc (AMEX:SENS) indicates that the trading volumes over the past 10 days have averaged 2.08 million and over the past 3 months, they’ve averaged 2.41 million. According to company’s latest data on outstanding shares, there are 530.36 million shares outstanding.
Nearly 12.01% of Senseonics Holdings Inc’s shares belong to company insiders and institutional investors own 12.38% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 42.12 million shares as on Mar 15, 2024, resulting in a short ratio of 12.88. According to the data, the short interest in Senseonics Holdings Inc (SENS) stood at 7.94% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 42.64 million. The stock has fallen by -13.35% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SENS stock heading into the next quarter.
