SentinelOne Inc (NYSE:S) price on Thursday, June 12, fall -0.45% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $17.88.
A look at the stock’s price movement, the close in the last trading session was $17.96. Turning to its 52-week performance, $29.29 and $15.36 were the 52-week high and 52-week low respectively. Overall, S moved -12.09% over the past month.
SentinelOne Inc’s market cap currently stands at around $5.94 billion, with investors looking forward to this quarter’s earnings report slated for in July.
Analysts have a consensus estimate of 242.15M for the company’s revenue for the quarter, with a low and high estimate of 241.46M and 246.46M respectively. The average forecast suggests up to a 21.72% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 999.14M, representing a 21.63% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that S is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
28 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 11 analyst(s) rate the stock as a Hold, 16 recommend S as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
S’s current price about -4.90% and -2.90% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.54, while 7-day volatility ratio is 0.82% and 3.32% in the 30-day chart. Further, SentinelOne Inc (S) has a beta value of 0.77, and an average true range (ATR) of 0.68. Analysts have given the company’s stock an average 52-week price target of $27, forecast between a low of $21 and high of $30. Looking at the price targets, the low is -17.45% off current price level while to achieve the yearly target high, price needs to move -67.79%. Nonetheless, investors will most likely welcome a -51.01% jump to $27 which is the analysts’ median price.
If we refocus on SentinelOne Inc (NYSE:S), historical trading data shows that trading volumes averaged 5.74 million over the past 3 months. The company’s latest data on shares outstanding shows there are 316.86 million shares.
The 10.22% of SentinelOne Inc’s shares are in the hands of company insiders while institutional holders own 72.93% of the company’s shares. Current price change has pushed the stock -19.46% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the S stock continues to rise going into the next quarter.
