Senseonics Holdings Inc. (NYSEAMERICAN:SENS) shares bounced back 5.28% on Friday, more than 10% this week, after falling nearly 20% last week. The stock is now up more than 307% this year and 824% in the 12 months. Its addition to the Russel 3000 Index will attract institutional investors and fund managers.
Senseonics’ gains during the last four years could imply overvaluation. However, analysts expect earnings to grow by 79% this year, making it an exciting growth story.
Are you looking for fast-news, hot-tips and market analysis?
Sign-up for the Invezz newsletter, today.
The bottom line will also grow at an average of about 29% in each of the next five years. Therefore, the company will be attractive to growth investors.
Technically, SENS shares appear to have bounced back this week after last week’s plunge. However, the bullish movement seems to have momentum moving closer to overbought conditions.
Investors can target extended rebounds at $4.37 and $4.96. The key support levels are $3.38 and $2.86.
In summary, Senseonics shares seem to enjoy a strong run after this week’s rebound. As a result, investors can look to ride the current recovery ahead of the company’s exciting growth story.
To invest simply and easily, users need a low-fee broker with a track record of reliability. The following brokers are highly rated, recognised worldwide, and safe to use:
There is good reason to be afraid. Previous down markets have seen declines in excess…
United Parcel Service, Inc. (NYSE:UPS) and FedEx Corporation (NYSE:FDX) are two robust logistics companies. Both…
Canadian crypto mining firm Bitfarms sold roughly $62 million worth of Bitcoin (BTC) in June,…
Invezz does not provide financial advice. Our aim is to simplify information about investing, enabling…
Noma, a Japanese film studio, has announced that it is producing three feature films that…
Bitcoin (BTC) saw continued strength on June 21 as Wall Street trading opened with a…