The Senseonics Holdings Inc (NYSE: SENS) stock had managed to make notable gains earlier on this year but over the past two months, the stock has struggled.
After having hit its highest level in 52 weeks two months ago, the stock has slumped by as low as 58%. While the decline has been dramatic, it is still necessary to keep in mind that the stock is still up by as much as 150% in 2021 so far. The drop in the stock may have been dramatic but things are not particularly poor and a glance at its latest earnings proves that. In its quarterly earnings released on March 4, Senseonics revealed that it had a cash balance of as much as $187.3 million.
That is a significant rise from the $18.2 million that it had on its books at the end of last year. The company conducted equity financing in the first quarter of this year and that resulted in a higher cash balance. It is a stock that could be tracked by investors at this point.
Finance and Entertainment Reporter
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