"Sens Stock: Eyeing 1000% Return Potential"Sens Stock: Eyeing 38 Cents for All-Time Low Buy Opportunity
Sens stock, a compelling asset in the realm of healthcare technology, is catching the attention of investors as it approaches the 38-cent mark, representing all-time lows. With the formation of a double bottom and falling wedge pattern, this potential buy opportunity could pave the way for a remarkable turnaround, offering the potential for a 1000% return to previous highs. Let's explore what Sens stock represents and delve into the promising prospects it holds.
Understanding Sens Stock
Sens is a healthcare technology company focused on developing innovative solutions to improve patient care and outcomes. With a portfolio that includes wearable devices, remote monitoring systems, and data analytics platforms, Sens is at the forefront of revolutionizing healthcare delivery and management. Through its cutting-edge technologies, Sens aims to empower patients, healthcare providers, and caregivers alike to make more informed decisions and enhance the quality of care.
The 38-Cent Buy Opportunity
As Sens stock approaches the 38-cent mark, it presents a compelling opportunity for investors to initiate positions at all-time lows. The formation of a double bottom pattern, coupled with a falling wedge, adds further conviction to this potential buy opportunity. By strategically entering the market at this critical juncture, investors may position themselves for substantial gains as the stock seeks to reverse its downtrend and embark on a new bullish trajectory.
Potential for a 1000% Return
The buy opportunity at 38 cents holds significant upside potential for investors eyeing a potential return to previous highs. With the formation of a double bottom and falling wedge pattern signaling a potential trend reversal, Sens stock could experience a dramatic turnaround, offering the potential for a 1000% return to previous highs. This remarkable upside underscores the attractive risk-reward profile of the investment opportunity presented by Sens stock at current levels.
Conclusion: Navigating the Path Forward
In conclusion, Sens stock presents a compelling buy opportunity at 38 cents, representing all-time lows and supported by the formation of a double bottom and falling wedge pattern. As investors eye the potential for a 1000% return to previous highs, prudent risk management strategies are essential to navigate the inherent volatility of the market. By carefully assessing the fundamental strengths of Sens as a healthcare technology company and monitoring technical indicators for signs of a bullish reversal, investors can position themselves strategically to capitalize on the promising prospects offered by Sens stock in the journey ahead.
Senseonics
SENS (Are we there yet)Sens recent earnings was quite good but the stock has sold off anyway. I have been waiting patiently for this moment as we could be reaching the bottoming phase based on the chart analysis of the bearish shark.
What narrative could make it spike up in price?
Please do your DD as this is not a financial advice.
Senseonics Reversing. SENSEither a Wave 4 WXY pattern or a more general turnaround. Both scenarios are bearish. Note divergences and dropping momentum also.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets going down are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
SENS Continues Holding LevelsPulled SENS back up again after a few weeks and see that it's still holding the same fib and trendline levels as it was when we first drew out the fib retracement. It's also now holding the 50DMA consistently as it steadily rises. For some context, this company develops and commercializes continuous glucose monitoring systems for diabetes patients. Senseonics offers the Eversense and Eversense XL products in its lineup. These are implantable CGM systems for measuring glucose levels with an under-skin sensor, and a removable and rechargeable smart transmitter. Sensonics also offers an app for real-time diabetes metrics monitoring.
Other Highlights:
- HC Wainwright $6 target and buy rating last month
- Collab with University Hospitals Accountable Care Organization
- Raised $50 million in gross proceeds through completion of At-the-Market equity offering program last quarter. Proceeds earmarked "primarily for debt service"
-Year-To-Date up over 320% so far
SENS Elliot Wave analysisIt looks like wave 2 has completed for SENS. They had a conference today march 9th about some things that were already known to us, but they made some things more clear. Quick summary of this conference:
- Accuracy of the current device is best in class with a MARD of 8.5%
- Medicare National Coverage as of Jan 1, 2021:
- Avg "Supply Cost" (I assume this is for the hardware and consumables) : $1571
- CPT Code 0446T (device insertion) $1,916 average payment
- CPT Code 0448T (device removal and insertion) $1,926 average payment
- Ascencia's commercial world wide investment in Senseonics product marketing is expected to be $30M-$80M per year over 5 years (this is where they got the $250M in the previous conference) and expect the US Ascencia personnel assigned to Senseonics to be in the 80-160 range.
- Eversense is Ascencia's first CGM product and they have exclusive rights to the sales and distribution.
Product Pipeline:
2021+ : Eversense 180 and iCGM/interoperability (integrate with insulin pumps)
2023 : Eversense 365, 1 calibration/week, optional FGM (flash glucose monitoring - no transmitter needed)
2024 : Freedom System, FGM, entire diabetes spectrum covered out to T2 non-insulin using patients.
(credits for this summary to ww.reddit.com/r/senseonics/comments/m18cxq/sens_hc_wainwright_conference_takeaways/)
I'm now looking for a 5 structure to the upside for a wave 3.
Pricetarget for wave 3 is around $10.
How long this will take I'm not sure.
Gut feeling based analysisSooo, I have bin looking in to #SENS for a while now. And came to the conclusion that this company is sitting on a gold mine. I tried to understand why this company still haven't taken off. Is it because of the short's, or is it a PR issue? I am really lost and would love any idea any one could share with me