The past month has not been kind to shareholders in Senseonics Holdings Inc (NYSEAMERICAN:SENS) as the company’s stock tanked by as much as 30% during the period.
Trading Data
On Tuesday, SENS stock fell 5.17% to $1.10 with more than 4.09 million shares, compared to its average volume of 5.91 million shares. The stock moved within a range of $1.0800 – 1.1500 after opening trade at $1.12.
Earnings Recap
There has been no news about the medical technology company in recent days but it ought to be noted that back on May 10 it had announced its financial results for the fiscal quarter that had ended on March 31, 2022. In that particular quarter, the company managed to bring in revenues to the tune of $2.5 million and that proved to be lower than the revenues of $2.8 million in the prior-year period.
However, in this regard, it ought to be noted that the revenues in the United States went up to $0.8 million in the first quarter from the revenues of only $0.3 million in the prior-year period. On the other hand, the gross profit in the quarter came in at $0.5 million and it was the same as the gross profit in the prior-year period. It seems that the drop in revenues year on year was not something that might have been appreciated much by investors. It remains to be seen if the stock can bounce back.
Technical Data
SENS stock is trading below the 20-Day and 50-Day Moving averages of $1.25 and $1.57 respectively. However, the stock is trading below the 200-Day moving average of $2.68.
