Is SenesTech Inc (NASDAQ: SNES) Stock Set To Rise More?

In the last trading session, 83318.0 SenesTech Inc (NASDAQ:SNES) shares changed hands as the company’s beta touched 0.48. With the company’s per share price at $3.11 changed hands at $0.35 or 12.68% during last session, the market valuation stood at $3.27M. SNES’s last price was a discount, traded about -588.1% off its 52-week high of $21.40. The share price had its 52-week low at $1.90, which suggests the last value was 38.91% up since then. When we look at SenesTech Inc’s average trading volume, we note the 10-day average is 0.62 million shares, with the 3-month average coming to 125.19K.

SenesTech Inc (NASDAQ:SNES) trade information

Instantly SNES was in green as seen at the end of in last trading. With action -14.09%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -75.04%, with the 5-day performance at -14.09% in the red. However, in the 30-day time frame, SenesTech Inc (NASDAQ:SNES) is 39.04% up. Looking at the short shares, we see there were 47327.0 shares sold at short interest cover period of 1.32 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 -49.64% over the past 6 months, a 91.12% in annual growth rate that is considerably higher than the industry average of 12.60%. Year-over-year growth is forecast to reach 72.93% up from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 707k. The company’s revenue for the corresponding quarters a year ago was 295k. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 139.66%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 67.19%. The 2024 estimates are for SenesTech Inc earnings to increase by 91.12%, but the outlook for the next 5-year period is at 30.00% per year.

SNES Dividends

SenesTech Inc is expected to release its next quarterly earnings report in January.

SenesTech Inc (NASDAQ:SNES)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.02% of SenesTech Inc shares while 1.89% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 1.89%.