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Review of Senseonics (SENS)
04 Aug 2022 (301 views)  

I hold 40,000 shares of Senseonics (SENS) at an average cost of $2.32 USD. It closed on 2 August at $1.28. I had a paper loss of $41,600.

I observed that SENS stock price jumped up 20% on 3 August. I searched and found this news. The company reported that the second largest health insurer in America had approved the use of their device for monitoring diabetes patients. This is likely to increase the sales tremendously. Report

I wanted to increase my holdings, but decided against it. I had already invested almost $100,000 USD in the stock. 

That decision turned out to be wrong. SENS price closed 10% higher at $1.53 and is now trading at $1.67 in the pre-market. By not acting at that time, I lost a potential gain of 35%. 

If I had invested $20,000 (which was my earlier intention), I would have made a further gain of $7,000 USD.

Never mind. The stock price is now 10% below my cost, reducing my loss to $10,000 (from $41,000).

My target price for this stock is $3.00 but I may sell some of them at $2.50 or higher. 

Senseonics was showing a loss at the last financial year. With increased sales, they are likely to see a profit in the current financial year.

Note - this is a personal view. I am not giving investment advice. 


 


Review of Senseonics (SENS)
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I hold 40,000 shares of Senseonics (SENS) at an average cost of $2.32 USD. It closed on 2 August at $1.28. I had a paper loss of $41,600.

I observed that SENS stock price jumped up 20% on 3 August. I searched and found this news. The company reported that the second largest health insurer in America had approved the use of their device for monitoring diabetes patients. This is likely to increase the sales tremendously. Report

I wanted to increase my holdings, but decided against it. I had already invested almost $100,000 USD in the stock. 

That decision turned out to be wrong. SENS price closed 10% higher at $1.53 and is now trading at $1.67 in the pre-market. By not acting at that time, I lost a potential gain of 35%. 

If I had invested $20,000 (which was my earlier intention), I would have made a further gain of $7,000 USD.

Never mind. The stock price is now 10% below my cost, reducing my loss to $10,000 (from $41,000).

My target price for this stock is $3.00 but I may sell some of them at $2.50 or higher. 

Senseonics was showing a loss at the last financial year. With increased sales, they are likely to see a profit in the current financial year.

Note - this is a personal view. I am not giving investment advice.