S Stock Forecast 2024: SentinelOne Inc Remains Weak With A Upside Of 33.03%

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In the last trading session, 3.77 million shares of the SentinelOne Inc (NYSE:S) were traded, and its beta was 0.71. Most recently the company’s share price was $20.71, and it changed around $0.28 or 1.37% from the last close, which brings the market valuation of the company to $6.48B. S currently trades at a discount to its 52-week high of $30.76, offering almost -48.53% off that amount. The share price’s 52-week low was $13.87, which indicates that the current value has risen by an impressive 33.03% since then. We note from SentinelOne Inc’s average daily trading volume that its 10-day average is 5.87 million shares, with the 3-month average coming to 5.75 million.

SentinelOne Inc stock received a consensus recommendation rating of Hold, based on a mean score of 1.75. If we narrow it down even further, the data shows that 6 out of 26 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 18 recommended S as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight.

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SentinelOne Inc (NYSE:S) trade information

Instantly S has showed a green trend with a performance of 1.37% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 23.40 on recent trading dayincreased the stock’s daily price by 11.5%. The company’s shares are currently down -24.53% year-to-date, but still down -8.16% over the last five days. On the other hand, SentinelOne Inc (NYSE:S) is 1.72% up in the 30-day period. We can see from the shorts that 9.66 million shares have been sold at a short interest cover period of 2.03 day(s).

The consensus price target as assigned by Wall Street analysts is $25, which translates to bulls needing to increase their stock price by 17.16% from its current value. Analyst projections state that S is forecast to be at a low of $18 and a high of $57.

SentinelOne Inc (S) estimates and forecasts

SentinelOne Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -24.85 percent over the past six months and at a 110.71% annual growth rate that is well above the industry average of 10.10%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -43.89%. SentinelOne Inc earnings are expected to increase by 112.22% in 2024, but the outlook is positive 40.20% per year for the next five years.

SentinelOne Inc (NYSE:S)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.26% of SentinelOne Inc shares, and 73.44% of them are in the hands of institutional investors. The stock currently has a share float of 73.63%. SentinelOne Inc stock is held by 510.0 institutions, with INSIGHT HOLDINGS GROUP, LLC being the largest institutional investor. By 2024-03-31, it held 9.1739% of the shares, which is about 27.65 million shares worth $644.43 million.

VANGUARD GROUP INC, with 8.5307% or 25.16 million shares worth $586.46 million as of 2024-03-31, holds the second largest percentage of outstanding shares.