SentinelOne Inc (S): Choosing The Technical Investor Route

SentinelOne Inc (NYSE:S) does about 5.68M shares in volume on a normal day but saw 2212929 shares change hands in Monday trading. The company now has a market cap of 6.73B USD. Its current market price is $21.70, marking an increase of 0.65% compared to the previous close of $21.56. The 52 week high reached by this stock is $30.76 whilst the lowest price level in 52 weeks is $12.43.

SentinelOne Inc (S) has a 20-day trading average at $21.58 and the current price is -29.45% off the 52-week high compared with 74.58% distance from its 52-week low. The 50-day simple moving average of the closing price is $24.03 and its 200-day simple moving average is $20.73. If we look at the stock’s price movements over the week, volatility stands at 2.93%, which increases to 3.27% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 46.24 to suggest the stock is neutral.

The consensus objective for the share price is $30.06, suggesting that the stock has a potential upside of 27.81% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 12, 2024 when Needham reiterated the stock to “Buy” and issued a price target of between $28 and $31. BofA Securities upgraded the stock to “Buy” from Neutral on February 14, 2024 at a price target of $26.50-$35. BTIG Research upgraded its price target at $30.

SentinelOne Inc (S) stock is up 6.01% over the week and -6.91% over the past month. Its price is -20.92% year-to-date and 27.35% over the past year.

To reach the target analysts have set, the stock logically needs to grow 27.81 percent from here.

The company has a return on investment of -21.01% and return on equity of -20.84%. The forward price to earnings ratio is 80.13. The beta has a value of 0.68. Price to book ratio is 4.15 and price to sales ratio is 10.83.