When Will SenesTech Inc (NASDAQ: SNES) Be A Good Investment?

In the latest trading session, 1.35 million SenesTech Inc (NASDAQ:SNES) shares changed hands as the company’s beta touched 0.90. With the company’s most recent per share price at $1.19 changing hands around $0.13 or 11.90% at last look, the market valuation stands at $6.10M. SNES’s current price is a discount, trading about -2776.47% off its 52-week high of $34.23. The share price had its 52-week low at $0.52, which suggests the last value was 56.3% up since then. When we look at SenesTech Inc’s average trading volume, we note the 10-day average is 0.4 million shares, with the 3-month average coming to 2.63.

SenesTech Inc (NASDAQ:SNES) trade information

Instantly SNES is in green as seen in intraday trades today. With action 10.84%, the performance over the past five days has been green. The jump to weekly highs of 1.2300 added 11.90% to the stock’s daily price. The company’s shares are showing year-to-date downside of -6.61%, with the 5-day performance at 10.84% in the green. However, in the 30-day time frame, SenesTech Inc (NASDAQ:SNES) is 4.04% up. Looking at the short shares, we see there were 20840.0 shares sold at short interest cover period of 0.02 days.

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SenesTech Inc (SNES) estimates and forecasts

Data shows that the SenesTech Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -86.99% over the past 6 months, a 83.73% in annual growth rate that is considerably higher than the industry average of 17.10%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 48.97%. The 2024 estimates are for SenesTech Inc earnings to increase by 83.72%, but the outlook for the next 5-year period is at 30.00% per year.

SenesTech Inc (NASDAQ:SNES)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.20% of SenesTech Inc shares while 1.65% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 1.65%. There are 1.65% institutions holding the SenesTech Inc stock share, with Susquehanna International Group, LLP the top institutional holder. As of Jun 29, 2023, the company held 0.34% of the shares, roughly 11243.0 SNES shares worth $12592.0.

Tower Research Capital LLC (TRC) holds the second largest percentage of outstanding shares, with 0.30% or 9679.0 shares worth $10840.0 as of Jun 29, 2023.

Among Mutual Funds, the top two as of May 30, 2023 were Fidelity Extended Market Index Fund and Fidelity NASDAQ Composite Index Fund. With 4065.0 shares estimated at $4796.0 under it, the former controlled 0.12% of total outstanding shares. On the other hand, Fidelity NASDAQ Composite Index Fund held about 0.05% of the shares, roughly 1582.0 shares worth around $1866.0.

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