It’s an appealing income play to consider SentinelOne Inc (S)

As of close of business last night, SentinelOne Inc’s stock clocked out at $23.16, up 4.84% from its previous closing price of $22.09. In other words, the price has increased by $+1.07 from its previous closing price. On the day, 8940807 shares were traded.

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Ratios:

To gain a deeper understanding of S’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.05 and its Current Ratio is at 2.11. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Needham on March 12, 2024, Reiterated its Buy rating but revised its target price to $31 from $28 previously.

On February 14, 2024, BofA Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $26.50 to $35.

BTIG Research Upgraded its Neutral to Buy on January 22, 2024, while the target price for the stock was maintained at $30.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 07 ’24 when Smith Ric sold 17,738 shares for $27.00 per share. The transaction valued at 478,894 led to the insider holds 694,021 shares of the business.

Weingarten Tomer sold 69,427 shares of S for $1,880,632 on Mar 06 ’24. The President, CEO now owns 1,285,122 shares after completing the transaction at $27.09 per share. On Mar 06 ’24, another insider, Smith Ric, who serves as the CPO & CTO of the company, sold 13,201 shares for $27.25 each. As a result, the insider received 359,727 and left with 711,759 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, S now has a Market Capitalization of 6.60B and an Enterprise Value of 5.82B. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.14 while its Price-to-Book (P/B) ratio in mrq is 4.36. Its current Enterprise Value per Revenue stands at 10.16 whereas that against EBITDA is -18.53.

Stock Price History:

Over the past 52 weeks, S has reached a high of $30.76, while it has fallen to a 52-week low of $12.43. The 50-Day Moving Average of the stock is 26.75, while the 200-Day Moving Average is calculated to be 19.73.

Shares Statistics:

It appears that S traded 6.32M shares on average per day over the past three months and 10.94M shares per day over the past ten days. A total of 298.68M shares are outstanding, with a floating share count of 228.73M. Insiders hold about 23.42% of the company’s shares, while institutions hold 61.31% stake in the company. Shares short for S as of Feb 29, 2024 were 9.95M with a Short Ratio of 1.57, compared to 9.53M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.33% and a Short% of Float of 4.09%.

Earnings Estimates

As of right now, 28 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.05 for the current quarter, with a high estimate of -$0.01 and a low estimate of -$0.08, while EPS last year was -$0.15. The consensus estimate for the next quarter is -$0.01, with high estimates of $0.02 and low estimates of -$0.03.

Analysts are recommending an EPS of between $0.18 and -$0.05 for the fiscal current year, implying an average EPS of $0.02. EPS for the following year is $0.26, with 31 analysts recommending between $0.44 and $0.12.

Revenue Estimates

In the current quarter, 27 analysts expect revenue to total $181.09M. It ranges from a high estimate of $181.59M to a low estimate of $180.7M. As of the current estimate, SentinelOne Inc’s year-ago sales were $133.39M, an estimated increase of 35.80% from the year-ago figure.

A total of 32 analysts have provided revenue estimates for S’s current fiscal year. The highest revenue estimate was $861.89M, while the lowest revenue estimate was $797.92M, resulting in an average revenue estimate of $816.76M. In the same quarter a year ago, actual revenue was $621.15M, up 31.50% from the average estimate. Based on 32 analysts’ estimates, the company’s revenue will be $1.05B in the next fiscal year. The high estimate is $1.19B and the low estimate is $1.01B. The average revenue growth estimate for next year is up 28.30% from the average revenue estimate for this year.

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