Shares of the Senseonics Holdings, Inc. (SENS) stock were popping high in the pre-market trading session today on April 27, 2021. SENS stock price saw an uptrend of 8.14% to reach $2.39 a share as of this writing. It seems that the SENS stock is continuing the rising momentum as it went up by 10.50% with a $2.21 per share price at the previous closing. Let’s see the reason behind this bull.
What’s going on with SENS stock?
Though SENS stock is hot among investors nowadays, the reality is somewhat different. We find no specific news related to this stock to explain the rising SENS stock price. No analyst upgrades or upswing targeted per share price of SENS stock has been in recent news. Investors usually find difficulty in predicting the future of the stock in such a situation, but it is better to have some knowledge about the recent happenings of the stock. Here are some past events of SENS stock.
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Announcement of Equity Grant:
On April 1, 2021, Sensionics stock did announce the equity grant to new employees according to its 2019 inducement plan pursuant to which 5 new non-executive employees had been granted a non-qualified stock option for the purchasing of 62,000 shares of the Sensionics common stock as an inducement for them to join the Sensionics Holdings, Inc. This option had an exercise per share price of $2.58 which was the closing price on April 01, 2021.
Financial Highlights:
On March 4, 2021, SENS stock released its fourth-quarter and full-year financial results according to which total revenue for Q4 declined to $3.9 million from $9.0 million in the same period of the prior year. Full-year 2020 revenue dreadfully decreased to $4.9 million from $21.3 million in 2019.
Net loss for the fourth quarter of SENS stock was $101.6 million, or $0.41 per share as compared to a net loss of $35.6 million, or $0.18 per share in the same tenure of 2019. Full-year 2020 net loss of SENS stock was $175.2 million, or $0.77 per share as compared to a net loss of $115.5 million, or $0.61 per share in 2019.
Conclusion:
Despite no recent news related to Senseonics Holdings, SENS stock price is still continuing the rising momentum. The financial results announced in the previous month show a huge decline in the quarterly and yearly revenue by the SENS stock. In short deep fundamental as well as technical analysis is mandatory before adding this stock to the portfolio.
