SenseTime Group’s Stock Price Plummets to 0.66 HKD, Witnessing a Decline of 2.94%

SenseTime Group (20)

0.66 HKD -0.02 (-2.94%) Volume: 253.07M

SenseTime Group’s stock price stands at 0.66 HKD, witnessing a trading session decrease of -2.94%, with a high trading volume of 253.07M, and a significant YTD percentage change of -42.24%, reflecting its volatile stock market performance.

Latest developments on SenseTime Group

Despite a 25% slump in stock prices, SenseTime Group Inc.’s (HKG:20) share price continues to reflect investor sentiment. The recent downturn came as a result of SoftBank trimming its stake in the AI software developer, further offloading SenseTime shares to pocket over $50 million. This move by the major stakeholder has influenced the market’s perception of the company, causing notable shifts in SenseTime’s stock price.

SenseTime Group on Smartkarma

Analysts on Smartkarma have differing views on SenseTime Group. Janaghan Jeyakumar, CFA, in their report “Quiddity HSCEI Jun 24 Flow Expectations: Many Reasons to Follow the Developments Closely,” expressed a bearish sentiment. Jeyakumar estimated a one-way flow of US$284mn with a turnover of roughly 2.6% for the HSCEI index rebal event in June 2024. They highlighted potential index changes and capping flows based on current data. On the other hand, Caixin Global published a report with a bullish sentiment, titled “Short-Seller Grizzly Accuses Chinese AI Software Firm SenseTime of Inflating Revenues.” The report noted a 5% drop in SenseTime Group Inc. shares following allegations of revenue inflation by U.S.-based short-seller Grizzly Research. Despite the contrasting views, analysts continue to closely monitor developments surrounding SenseTime Group.

A look at SenseTime Group Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, SenseTime Group has a positive long-term outlook. With a high score in Value and Growth, the company is seen as having strong potential for future profitability and expansion. Additionally, its Momentum score indicates that it is currently on a positive trajectory. However, the lower score in Dividend suggests that investors may not see significant returns in the form of dividends.

SenseTime Group, a company that offers information technology services with a focus on artificial intelligence software products, is expected to continue its growth and innovation in the coming years. With a solid score in Resilience, the company is seen as being able to withstand economic challenges. Overall, the combination of high scores in Value, Growth, and Momentum bodes well for SenseTime Group’s future success in the tech industry.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma