Senestech (NASDAQ:SNES) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Senestech, Inc. (NASDAQ:SNES)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $1.77 and traded as low as $1.66. Senestech shares last traded at $1.73, with a volume of 511,300 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Senestech in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Senestech Trading Down 12.2%

The firm has a market capitalization of $9.12 million, a price-to-earnings ratio of -0.62 and a beta of 0.18. The firm’s 50 day moving average is $1.77 and its 200 day moving average is $2.26. The company has a quick ratio of 11.36, a current ratio of 12.61 and a debt-to-equity ratio of 0.02.

Senestech (NASDAQ:SNES) last released its earnings results on Thursday, March 12th. The company reported ($0.29) EPS for the quarter, beating the consensus estimate of ($0.30) by $0.01. Senestech had a negative net margin of 287.39% and a negative return on equity of 78.74%. The business had revenue of $0.42 million during the quarter, compared to analyst estimates of $0.78 million. Equities analysts forecast that Senestech, Inc. will post -1.36 earnings per share for the current year.

Insider Activity

In related news, major shareholder Glenbrook Capital Management acquired 19,725 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were purchased at an average price of $1.79 per share, for a total transaction of $35,307.75. Following the purchase, the insider owned 890,635 shares in the company, valued at $1,594,236.65. This represents a 2.26% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased a total of 291,281 shares of company stock worth $591,447 in the last quarter. 5.29% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Diversify Wealth Management LLC acquired a new position in shares of Senestech during the 1st quarter worth $31,000. Jane Street Group LLC acquired a new position in shares of Senestech during the 4th quarter worth $32,000. Diversify Advisory Services LLC acquired a new position in shares of Senestech during the 4th quarter worth $34,000. XTX Topco Ltd acquired a new position in shares of Senestech during the 4th quarter worth $54,000. Finally, Geode Capital Management LLC acquired a new position in shares of Senestech during the 2nd quarter worth $59,000. Institutional investors and hedge funds own 5.19% of the company’s stock.

About Senestech

SenesTech, Inc (NASDAQ: SNES) is a biotechnology company specializing in non-lethal pest management solutions. The company’s core focus is the development and commercialization of fertility-based control methods for commensal rodents, providing an alternative to traditional rodenticides. By targeting the reproductive cycle of rats, SenesTech aims to reduce rodent populations over time without the use of toxic chemicals, offering a more sustainable approach for pest management professionals.

The company’s flagship product, ContraPest®, is an EPA-registered liquid bait that disrupts rodent reproduction.