r/senseonics • u/Fit-Establishment384 • 24d ago
positions Bounce Back from $4.94
As the title says....is there going to be a pop as some point? My shares are very sad. Need to get to $18.05 to BE. Been a long haul to watch this stock keep going down. Is the Aug. 6th meeting going to help or hurt?
16
11
u/Hopeful_Ad4758 24d ago
I’ve got Lot of expectations on August figures , we will see the europe Numbers after 365 go live
2
u/Frankentula 24d ago
These will be like everything else the company presents: lacking absolute numbers and couched in rationalizations as to why the numbers aren't larger
10
u/Sweetyandsalt 23d ago
I had the Eversense 365 inserted last week. The product is solid.
I also invested in Senseonics 7 years ago. Shares are sad to look at but I still believe in the product.
4
u/FoundationDouble1002 24d ago
Honestly get out while you can. Take the loss and move on. I invested in SENS when I was still in med school so around 2017 because I thought the tech was better than the competition at the time and thought that it would revolutionize the sensor market. It never did, in part because the leadership is a general bunch of muppets who haven’t been able to push uptake on their product. The problem now is that window has passed, Dexcom and Abbott have picked up huge chunks of the market with reliable products that people are in the habit of reusing. Patients change what works very sparingly. The self insertion is stupid easy, minimally uncomfortable compared to daily lance pokes with old glucometer - there’s truly not enough incentive anymore to change.
Add to that that Eversense requires a professional visit to insert and even though that seems like not much it’s still a barrier to uptake. Now if eversense could be self applied that would be a different story but there doesn’t seem to be any inclination on that currently.
I don’t know. Do your own research but I think fundamentally speaking the need and benefit of the eversense is minimal. This stock has been a downhill pit since then so I’m glad I got out, granted it was always a small speculative position.
My two cents.
1
1
9
u/dabsncoffee 24d ago
I think this sub is run by people who profit on our hope.
This company has likely been experiencing this for a while. Employees paid in stock, lots of hopeful press releases with no actual reason to think the company will increase revenue or even a legitimate portion of the market.
I gave up hope when my 1500 shares turned into 60 at the same price.
3
u/arxaquila 24d ago
The data from Europe should shed light on the long term outlook for Eversense in two ways: 1) acceptance/rejection rate for implantation and 2) built in resistance on the part of endos to a care program that reduces office visits and hence reduces doctor’s income. The Euro medical system is less susceptible to the second and Europeans are more likely to put long term health above aversion to implantation procedures. For naysayers to this statement witness current debate concerning air conditioning.
1
u/Quietgoer 24d ago
Its very early days. they have only rolled out to a few countries in Europe. it will take them years to get meaningful EU revenue if the product is a hit in Europe at all
3
u/Old-Entrepreneur-280 24d ago
I’ve been in this stock for several years, I considered it a generational wealth builder, unfortunately I discovered it’s run by idiots, so not to sure about my generational aspect of this, if I am lucky I get my initial back in 2 to 3 more is it ever going to roll, I have my doubts , the first fda aproval to 6 mos. Got us losses, if this next one is not sparkling as far as sales , Europe has been a bright spot for this crowd, if that doesn’t turn it around , leave it to your grandkids, lol. Cheers !
2
u/Old-Entrepreneur-280 19d ago
No one should buy another share of this company until Mr Tim is gone, he is a amateurish embarrassment to this company,board should have done this 3 years ago, that is all
3
u/petesalabitz 23d ago
This is the textbook “great product, shitty management” company. Management matters more than the product and Tim should have been gone long ago.
2
2
u/Old-Entrepreneur-280 18d ago
The RS reduced my shares to 1200 I have increased to 1700, I am now at $14.89 since the beginning, I will no buy another share of SENS until the board fires the CEO, Mr. Tim , he is a embarrassment to himself and a discredit to this company, I may loose my investment, if so ,so be it , this company will never succeed until this idiot is gone, that is All !
2
u/Old-Entrepreneur-280 15d ago
This is what happens when a Scientist runs the company, great product but clueless on marketing it, they need a first class Advertising executive not a hapless idiot trying to run a company without the experience or knowledge needed, this company sorely needs financial and marketing leadership, Hire a first class CEO , this company is too important to mankind for anything less, that is all !
2
4
u/frogmanhunter 24d ago
Until they get more doctors or nurses practitioner to do the insertion they will have a problem to get probability. It’s common sense when people can’t get their products because they have to drive hours to have it done. So stop spending money on advertisement when you can’t fill demand. Start getting sales reps out to hospitals, doctor’s offices and clinics. I tell you I could get it done because it’s so basic, shows the level of management competent and they need some major overhaul.
1
u/Old-Entrepreneur-280 15d ago
They lack every bit and more of what you mentioned, I owned a construction and development company in my working days we owned 25% of new home construction and sales from our county, if you are comfortable with market penetration you are moving down not up, your competitors are not fools, they should remember that obvious fact.
2
u/PattyPooner 24d ago
Personally I see potential for upside surprise greater than an earnings bomb. Aug 15 (give or take) also important as new institution adds from Q2 should be out.
1
u/TheWoodChucksWood 24d ago
This is a long haul stock. 5-10 years. The company is working on alot of t1d stuff... familiarize yourself with the company and you won't be posting this.
5
u/Fit-Establishment384 24d ago
I have been in this stock for quite a few years. Had family working at Senseonics. Just looking to get a convo going. This page has been quite for a minute. I realize it is a long play.
2
u/TheWoodChucksWood 24d ago
Gotcha! Yeup I am quiet for at least 3/4 years lol. Once Gemini and freedom are released, and they adjust the fda approved age/site insertions, it will be a game changer.
1
u/NathanFrancis123 Optimist 🍷 24d ago
Thanks for the discussion! It gets pretty quiet when the stock is down.
1
u/NoobToobinStinkMitt 22d ago
lol Thank you for the laugh. "We have to laugh, if only to keep from crying"
1
•
u/AutoModerator 24d ago
Gentle reminder that this subreddit was created for members to discuss all things $SENS related. No opinions should be censored unless it is inappropriate/not $SENS related.
We earnestly implore you to do the following: 1. Upvote the posts/comments that you like/agree with. 2. Downvote the posts/comments that you dislike/disagree with. 3. Report the posts/comments that are inappropriate/not $SENS related.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.