Senseonics Holdings Inc (AMEX: SENS) Loses -36.19% From High. Why That Could Change?

Currently, there are 479.64M common shares owned by the public and among those 464.86M shares have been available to trade.

Insiders at the company have transacted a total of 41 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 25 of these insider trades were purchases, accounting for 8,254,103 shares. Insider sales of the common stock occurred on 16 occasions, with total insider shares sold totaling 2,704,912 shares.

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The company’s stock has a 5-day price change of -1.33% and 13.33% over the past three months. SENS shares are trading 17.52% year to date (YTD), with the 12-month market performance down to -31.63% lower. It has a 12-month low price of $0.46 and touched a high of $1.05 over the same period. SENS has an average intraday trading volume of 2.60 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 10.21%, 14.68%, and 4.65% respectively.

Institutional ownership of Senseonics Holdings Inc (AMEX: SENS) shares accounts for 12.44% of the company’s 479.64M shares outstanding.

It has a market capitalization of $353.95M and a beta (3y monthly) value of 0.90. The earnings-per-share (ttm) stands at -$0.09. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.50% over the week and 7.12% over the month.

Analysts forecast that Senseonics Holdings Inc (SENS) will achieve an EPS of -$0.04 for the current quarter, -$0.04 for the next quarter and -$0.15 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.05 while analysts give the company a high EPS estimate of -$0.04. Comparatively, EPS for the current quarter was $0.02 a year ago. Earnings per share for the fiscal year are expected to increase by 10.62%, and -6.01% over the next financial year.

Looking at the support for the SENS, a number of firms have released research notes about the stock. Jefferies stated their Underperform rating for the stock in a research note on July 19, 2023, with the firm’s price target at $0.50. H.C. Wainwright coverage for the Senseonics Holdings Inc (SENS) stock in a research note released on August 19, 2021 offered a Buy rating with a price target of $6. BTIG Research on their part issued Neutral rating on January 21, 2021.

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