Q: SenseTime Hit by Short Selling: Is It Time to Buy the Dip? 2023-11-28
Based on the news and stock quote information, here is an analysis of SenseTime:
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News Viewpoints: There are recent bearish news articles about SenseTime. Grizzly Research released a critical report accusing the company of inflating revenue. SenseTime has refuted these allegations, stating that the report is without merit and contains unfounded allegations. The stock price of SenseTime has dropped by 10% in response to the report.
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Stock Quote Information:
- Stock Price: The current stock price of SenseTime is HKD 1.44.
- Trading Volume: The trading volume of SenseTime is 422.38 million.
- Analyst Target Price: The mean target price estimated by 10 analysts is HKD 2.099, with a low estimate of HKD 1.59 and a high estimate of HKD 3.4.
- Earnings per Share (EPS): The trailing twelve months EPS is -0.20.
- Market Capitalization: The total market capitalization of SenseTime is HKD 46.19 billion.
- Dividend Yield: The dividend yield is 114.13%.
- Price-to-Sales Ratio: The price-to-sales ratio is 11.09.
- Resistance and Support Price: The resistance price is HKD 1.53, and the support price is HKD 1.43.
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Trading Status: SenseTime is currently available for short selling, and it is in transaction.
Considering the negative news and the drop in stock price, investors should exercise caution when considering buying the dip in SenseTime. It is important to thoroughly research and analyze the allegations made in the short-seller report and monitor any further developments. Additionally, investors should consider their risk tolerance and investment strategy before making any investment decisions.
Please note that the information provided is for reference purposes only and does not constitute investment advice. Investing in stocks involves risks, and it is recommended to consult with a financial advisor before making any investment decisions.
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