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Investing.com - Raymond (NSE:RYMD) James maintained its Underperform rating on Senseonics Holdings (NYSE:SENS) on Friday, with no change to its price target. The stock, currently trading at $0.49, has fallen over 55% in the past six months, with InvestingPro data showing the company is currently fairly valued.
The medical technology company reported second-quarter revenue slightly ahead of Raymond James estimates, but maintained its full-year 2025 revenue guidance.
Raymond James noted that while momentum appears to be building for Senseonics, the firm adjusted its quarterly projections, lowering third-quarter revenue estimates while raising fourth-quarter expectations to keep full-year 2025 revenue forecasts largely unchanged.
The research firm acknowledged that Senseonics’ recent equity raise has improved its capital structure and provided additional flexibility for the company.
Despite these positive developments, Raymond James continues to express concerns about Senseonics’ ultimate market penetration potential in what it describes as a competitive landscape, leading to the maintained Underperform rating. The company operates with a moderate debt level and maintains strong liquidity with a current ratio of 9.58, though it remains unprofitable with negative EBITDA of $63.21 million in the last twelve months.
In other recent news, Senseonics Holdings Inc . reported its second-quarter 2025 financial results, revealing a net revenue of $6.6 million, which exceeded the forecast of $6.01 million. Despite this revenue beat, the company’s earnings per share (EPS) were in line with expectations, showing a loss of $0.02. These developments come as Senseonics continues its efforts in the continuous glucose monitoring market, launching new products and expanding its market reach. The company’s recent financial performance highlights its ongoing innovation and market expansion strategies. Analyst firms have yet to provide an upgrade or downgrade following these results. Investors will be closely watching how these strategies impact future financial outcomes. These recent developments underscore the company’s position in a competitive market.
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