SNSR Stock Summary and Trading Ideas (Global X Internet Of Things ETF | NASDAQ:SNSR)

The Global X Internet of Things ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Global Internet of Things Thematic Index. The Global X Internet of Things ETF (SNSR) seeks to invest in companies that stand to potentially benefit from the broader adoption of the Internet of Things (IoT). This includes the development and manufacturing of semiconductors and sensors, integrated products and solutions, and applications serving smart grids, smart homes, connected cars, and the industrial internet. The Indxx Global Internet of Things Thematic Index is designed to track the performance of companies listed in developed markets that are expected to benefit from the increased adoption of the Internet of Things (IoT), including companies involved in the development and manufacturing of semiconductors and sensors for IoT applications, customized end-to-end integrated IoT products and solutions, and standardized IoT applications across a diverse set of segments including but not limited to smart grids, smart homes, smart cities, connected cars and the industrial internet.

Global X Internet Of Things ETF trades on the NASDAQ stock market under the symbol SNSR.

As of May 13, 2024, SNSR stock price climbed to $35.91 with 3,876 million shares trading.

SNSR has a beta of 1.40, meaning it tends to be more sensitive to market movements. SNSR has a correlation of 0.71 to the broad based SPY ETF.

SNSR has a market cap of $274.71 million. This is considered a Small Cap stock.

In the last 3 years, SNSR stock traded as high as $40.46 and as low as $24.22.

SNSR has underperformed the market in the last year with a return of +16.3%, while the SPY ETF gained +27.9%. In the last 3 month period, SNSR fell short of the market, returning +3.5%, while SPY returned +4.3%. However, in the most recent 2 weeks SNSR has outperformed the stock market by returning +3.6%, while SPY returned +2.5%.

SNSR support price is $35.21 and resistance is $36.15 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SNSR stock will trade within this expected range on the day.