Medical technology company, Senseonics Holdings, Inc. (SENS) in Germantown, Md., develops and commercializes continuous glucose monitoring (CGM) systems for people with diabetes worldwide. On Feb. 15, 2022, SENS received the FDA's approval for CGM.
However, SENS' net revenue has fallen 46.3% year-over-year to $276,000 for the third quarter, ended Sept. 30, 2021. Also, its gross loss came in at $1.25 million, compared to a gross profit of $835,000 in the year-ago period. Also, analysts expect the company's EPS to remain negative in 2022. In addition, its 63.29x forward EV/S is 1,196.9% higher than the 4.88x industry average. Over the past year, the stock has declined 49% in price to close yesterday's session at $2.12. Thus, the stock looks significantly overvalued at current price levels.
