The stock of Senseonics Holdings, Inc. (NYSE:SENS) is now priced at $0.48 and the shares are -0.02 points down or -4.01% lower compared to its previous closing price of $0.5. The stock had 1.039 million contracts set over the past session. SENS shares’ daily volume is compared to its average trading volume at 3.222 million shares. However, it has a float of 174 million and although its performance was 0.23% over the week, it’s one to watch. It means the stock’s downside potential is -100% with the SENS share price recently placing at $0.47 to $0.49. However, some brokerage firms have priced the stock below the average, including one that has called $0.4.
The shorts are running away from the Senseonics Holdings, Inc. stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the SENS shares have declined. Short interest in the stock represents just 15.25% of its float, but the volume has dropped by 0.
In the last trading session, Senseonics Holdings, Inc. (NYSE:SENS) raised by $0.0011 over the week and lost -$0.0011 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $1.78. The stock recorded its established 52-week high on 02/25/20.
Since 07/02/20, the stock has traded to a low of $0.36 at 32.39%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 0.44. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Senseonics Holdings, Inc.’s two-week RSI is 49.81. This suggests that the stock is neutral at the moment and that SENS shares’ price movement remains stable. The stochastic readings are equally revealing at 35.54% meaning the SENS share price is currently in neutral territory.
The technical chart shows that the SENS stock will likely settle at between $0.4877 and $0.4989 per share. However, if the stock dips below $0.4677, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $0.4589.
Currently, the stock is trading in the red of MACD, with a reading of -0.0039. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Craig Hallum raised their recommendation for SENS from Sell to Hold in August 11 review. BTIG Research analysts upgraded their recommendation of the stock from Neutral to Buy while keeping its target price at $1 in a flash note released to investors on August 11. Guggenheim seeing the stock struggling downgraded it from Buy to Neutral on March 13.
The average rating for the SENS equity is 2.29 and is currently gathering a bullish momentum. Of 7 analysts tracking Senseonics Holdings, Inc. polled by Reuters, 3 rated SENS as a hold. The remaining 4 analysts were split evenly. However, the split wasn’t equal as a majority (4) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.
The stocks P/S ratio currently stands below the group’s average of 64.6. Senseonics Holdings, Inc. has its P/E ratio at 0, which means that the stock is currently trading at a discount relative to the 5.8 industry average.
Zacks Consensus Estimate forecasts that the current-quarter revenues for Senseonics Holdings, Inc. (NYSE:SENS) will increase by about 214.18%, which will see them reach $820 million. The company’s full-year revenues are, however, expected to diminish by about -88.26%, down from $21.3 million to $2.5 million. SENS’s expected adjusted earnings should drop almost -40% to end up at -$0.06 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -40.98% to record -$0.36/share.