Why SentinelOne Inc (NYSE: S) Stock Should Not Be Discarded By Investors In 2024

In today’s recent session, 1.38 million shares of the SentinelOne Inc (NYSE:S) have been traded, and its beta is 0.69. Most recently the company’s share price was $23.48, and it changed around -$0.13 or -0.55% from the last close, which brings the market valuation of the company to $7.54B. S at last check was trading at a discount to its 52-week high of $30.76, offering almost -31.01% off that amount. The share price’s 52-week low was $14.33, which indicates that the recent value has risen by an impressive 38.97% since then. We note from SentinelOne Inc’s average daily trading volume that its 10-day average is 8.06 million shares, with the 3-month average coming to 4.50 million.

SentinelOne Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.71. If we narrow it down even further, the data shows that 0 out of 33 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 9 recommended S as a Hold, whereas 18 deemed it a Buy, and 0 rated it as Underweight. SentinelOne Inc is expected to report earnings per share of -0.21 for the current quarter.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

SentinelOne Inc (NYSE:S) trade information

Instantly S has been showing red trend so far today with a performance of -0.55% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 26.64 on recent trading dayincreased the stock’s daily price by 11.86%. The company’s shares are currently down -14.43% year-to-date, but still down -18.13% over the last five days. On the other hand, SentinelOne Inc (NYSE:S) is -13.61% down in the 30-day period. We can see from the shorts that 12.12 million shares have been sold at a short interest cover period of 3.16 day(s).

The consensus price target as assigned by Wall Street analysts is $29, which translates to bulls needing to increase their stock price by 19.03% from its current value. Analyst projections state that S is forecast to be at a low of $25 and a high of $32.

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 risen 29.72 percent over the past six months and at a 107.14% annual growth rate that is well above the industry average of 16.00%. The year-over-year growth rate is expected to be 31.73%, up from the previous year.

Consensus estimates provided by 29 financial analysts predict the company will bring in an average of 222.32M in revenue for the current quarter. 21 analysts expect SentinelOne Inc to make 234.86M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 174.18M and 186.35M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 27.64%. Forecasts for the next quarter put sales growth at 26.03%.

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 108.15% in 2024, but the outlook is positive 28.00% per year for the next five years.

S Dividends

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

SentinelOne Inc (NYSE:S)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.49% of SentinelOne Inc shares, and 90.56% of them are in the hands of institutional investors. The stock currently has a share float of 91.00%. SentinelOne Inc stock is held by 554.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.1948% of the shares, which is about 28.46 million shares worth $599.13 million.

INSIGHT HOLDINGS GROUP, LLC, with 7.8005% or 24.15 million shares worth $508.28 million as of 2024-06-30, holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 8.66 shares worth $203.94 million, making up 2.94% of all outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held roughly 6.92 shares worth around $162.91 million, which represents about 2.35% of the total shares outstanding.