Senseonics Holdings Inc. (AMEX: SENS) Stock: Looks Like An Option To Consider

Senseonics Holdings Inc. (AMEX:SENS) price on Wednesday, October 06, fall -1.83% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.21.

A look at the stock’s price movement, the close in the last trading session was $3.27, moving within a range at $3.23 and $3.33. The beta value (5-Year monthly) was 0.64. Turning to its 52-week performance, $5.56 and $0.35 were the 52-week high and 52-week low respectively. Overall, SENS moved -17.27% over the past month.

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Senseonics Holdings Inc.’s market cap currently stands at around $1.40 billion, with investors looking forward to this quarter’s earnings report slated for Nov 08, 2021 – Nov 12, 2021. Analysts project the company’s earnings per share (EPS) to be -$0.06, which has seen fiscal year 2021 EPS growth forecast to increase to -$1.15 and about -$0.21 for fiscal year 2022. Per the data, EPS growth is expected to be -49.40% for 2021 and 81.70% for the next financial year.

Analysts have a consensus estimate of $3.52 million for the company’s revenue for the quarter, with a low and high estimate of $3.17 million and $3.8 million respectively. Wall Street analysts have also projected the company’s year-on-year revenue for 2021 to grow to $14.06 million, representing a 184.10% jump on that reported in the last financial year.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that SENS is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.

8 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 3 recommend SENS as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 2 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.

SENS’s current price about -10.77% and -7.65% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 39.31, while 7-day volatility ratio is 4.64% and 5.27% in the 30-day chart. Further, Senseonics Holdings Inc. (SENS) has a beta value of 0.64, and an average true range (ATR) of 0.20. Analysts have given the company’s stock an average 52-week price target of $3.46, forecast between a low of $0.80 and high of $6.00. Looking at the price targets, the low is 75.08% off current price level while to achieve the yearly target high, price needs to move -86.92%. Nonetheless, investors will most likely welcome a -9.03% jump to $3.50 which is the analysts’ median price.

In the market, a comparison of Senseonics Holdings Inc. (SENS) and its peers suggest the former has performed considerably weaker. Data shows SENS’s intraday price has changed -1.83% in last session and 702.50% over the past year. Moreover, Senseonics Holdings Inc. (SENS) is also down -1.83% in trading on the day while keeping a an uptrend of 702.50% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.41% and 0.30% respectively in the last trading.

If we refocus on Senseonics Holdings Inc. (AMEX:SENS), historical trading data shows that trading volumes averaged 12.12 million over the past 3 months. The company’s latest data on shares outstanding shows there are 431.84 million shares.

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The 2.90% of Senseonics Holdings Inc.’s shares are in the hands of company insiders while institutional holders own 29.30% of the company’s shares. Current price change has pushed the stock 268.20% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SENS stock continues to rise going into the next quarter.