Why Senseonics Holdings Inc (AMEX: SENS) Stock Should Not Be Discarded By Investors In 2024

In the last trading session, 11.15 million shares of the Senseonics Holdings Inc (AMEX:SENS) were traded, and its beta was 0.80. Most recently the company’s share price was $0.29, and it changed around $0.04 or 13.65% from the last close, which brings the market valuation of the company to $171.58M. SENS currently trades at a discount to its 52-week high of $0.75, offering almost -158.62% off that amount. The share price’s 52-week low was $0.25, which indicates that the current value has risen by an impressive 13.79% since then. We note from Senseonics Holdings Inc’s average daily trading volume that its 10-day average is 5.91 million shares, with the 3-month average coming to 5.62 million.

Senseonics Holdings Inc stock received a consensus recommendation rating of Buy, based on a mean score of 3.00. If we narrow it down even further, the data shows that 1 out of 4 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended SENS as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight.

Senseonics Holdings Inc (AMEX:SENS) trade information

Instantly SENS has showed a green trend with a performance of 13.65% 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 0.3196 on recent trading dayincreased the stock’s daily price by 9.26%. The company’s shares are currently down -49.31% year-to-date, but still down -7.16% over the last five days. On the other hand, Senseonics Holdings Inc (AMEX:SENS) is -18.06% down in the 30-day period. We can see from the shorts that 39.5 million shares have been sold at a short interest cover period of 8.9 day(s).

The consensus price target as assigned by Wall Street analysts is $3, which translates to bulls needing to increase their stock price by 90.33% from its current value. Analyst projections state that SENS is forecast to be at a low of $3 and a high of $3.

Senseonics Holdings Inc (SENS) estimates and forecasts

Senseonics Holdings Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -28.64 percent over the past six months and at a -27.27% annual growth rate that is well below the industry average of 24.50%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 29.18%.

SENS Dividends

Senseonics Holdings Inc’s next quarterly earnings report is expected to be released in January.

Senseonics Holdings Inc (AMEX:SENS)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 4.86% of Senseonics Holdings Inc shares, and 10.01% of them are in the hands of institutional investors. The stock currently has a share float of 10.52%. Senseonics Holdings Inc stock is held by 144.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 3.7729% of the shares, which is about 23.19 million shares worth $9.25 million.

BLACKROCK INC., with 1.3539% or 8.32 million shares worth $3.32 million as of 2024-06-30, holds the second largest percentage of outstanding shares.