After Sensus Healthcare Inc (NASDAQ: SRTS) Surges -56.49% From Highs, What Will It Look Like?

During the last session, Sensus Healthcare Inc (NASDAQ:SRTS)’s traded shares were 0.78 million, with the beta value of the company hitting 1.05. At the end of the trading day, the stock’s price was $6.39, reflecting an intraday gain of 1.43% or $0.09. The 52-week high for the SRTS share is $6.97, that puts it down -9.08 from that peak though still a striking 71.99% gain since the share price plummeted to a 52-week low of $1.79. The company’s market capitalization is $104.73M, and the average intraday trading volume over the past 10 days was 0.21 million shares, and the average trade volume was 587.58K shares over the past three months.

Sensus Healthcare Inc (SRTS) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. SRTS has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.02.

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Sensus Healthcare Inc (NASDAQ:SRTS) trade information

Sensus Healthcare Inc (SRTS) registered a 1.43% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.43% in intraday trading to $6.39, hitting a weekly high. The stock’s 5-day price performance is 6.32%, and it has moved by 12.30% in 30 days. Based on these gigs, the overall price performance for the year is 69.50%. The short interest in Sensus Healthcare Inc (NASDAQ:SRTS) is 0.44 million shares and it means that shorts have 3.02 day(s) to cover.

The consensus price target of analysts on Wall Street is $10, which implies an increase of 36.1% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $10 and $10 respectively. As a result, SRTS is trading at a discount of -56.49% off the target high and -56.49% off the low.

Sensus Healthcare Inc (SRTS) estimates and forecasts

Statistics show that Sensus Healthcare Inc has outperformed its competitors in share price, compared to the industry in which it operates. Sensus Healthcare Inc (SRTS) shares have gone up 75.07% during the last six months, with a year-to-date growth rate more than the industry average at 900.00% against 11.20. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 77.80% this quarter and then drop -38.50% in the quarter after that. In the rating firms’ projections, revenue will increase 42.90% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 5.36M as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 11.85M by the end of current fiscal year.

While earnings are projected to return 1133.33% in 2024.

SRTS Dividends

Sensus Healthcare Inc is due to release its next quarterly earnings 2024-Nov-07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Sensus Healthcare Inc (NASDAQ:SRTS)’s Major holders

Sensus Healthcare Inc insiders own 19.00% of total outstanding shares while institutional holders control 15.68%, with the float percentage being 19.36%. VANGUARD GROUP INC is the largest shareholder of the company, while 56.0 institutions own stock in it. As of 2024-03-31, the company held over 0.78 million shares (or 4.7914% of all shares), a total value of $2.96 million in shares.

The next largest institutional holding, with 0.29 million shares, is of RENAISSANCE TECHNOLOGIES LLC’s that is approximately 1.7912% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $1.11 million.

Also, the Mutual Funds coming in first place with the largest holdings of Sensus Healthcare Inc (SRTS) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . Data provided on Mar 31, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 555.56 shares. This amounts to just over 3.39 percent of the company’s overall shares, with a $3.55 million market value. The same data shows that the other fund manager holds slightly less at 207.42, or about 1.27% of the stock, which is worth about $1.33 million.