Senestech (NASDAQ:SNES) Stock Price Breaks Above 50 Day Moving Average – Should You Sell?

Senestech, Inc. (NASDAQ:SNES) shares crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $0.86 and traded as high as $1.0050. Senestech shares last traded at $0.97, with a volume of 414,361 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Senestech from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Senestech Trading Up 15.9%

The stock’s 50 day moving average is $0.86 and its two-hundred day moving average is $1.50. The company has a market capitalization of $5.26 million, a PE ratio of -0.71 and a beta of 0.25. The company has a quick ratio of 5.81, a current ratio of 6.78 and a debt-to-equity ratio of 0.02.

Senestech (NASDAQ:SNES) last issued its earnings results on Wednesday, August 5th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.37) by $0.02. The company had revenue of $0.77 million for the quarter, compared to analysts’ expectations of $0.60 million. Senestech had a negative net margin of 294.73% and a negative return on equity of 71.89%. As a group, sell-side analysts predict that Senestech, Inc. will post -1.28 EPS for the current fiscal year.

Insider Buying and Selling at Senestech

In other Senestech news, major shareholder Glenbrook Capital Management purchased 60,000 shares of the stock in a transaction dated Wednesday, October 21st. The stock was purchased at an average price of $0.74 per share, with a total value of $44,400.00. Following the transaction, the insider owned 2,159,473 shares of the company’s stock, valued at approximately $1,598,010.02. This trade represents a 2.86% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have purchased 1,115,169 shares of company stock valued at $813,573. 2.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Senestech

An institutional investor recently bought a new stake in Senestech stock. Diversify Wealth Management LLC acquired a new position in Senestech, Inc. (NASDAQ:SNES) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 19,119 shares of the company’s stock, valued at approximately $31,000. Diversify Wealth Management LLC owned approximately 0.36% of Senestech as of its most recent SEC filing. 5.19% of the stock is currently owned by institutional investors.

Senestech Company Profile

SenesTech, Inc is a biotechnology company focused on developing fertility-control technologies for managing animal populations. The company’s approach is designed to reduce reproduction rather than rely solely on lethal control methods, with applications primarily in rodent management.

SenesTech’s principal product is ContraPest, a liquid bait designed to reduce fertility in rats by affecting reproductive function in both male and female animals. The product is intended for use in commercial, municipal and other settings where rat populations pose sanitation, health or property risks.