My Size (NASDAQ:MYSZ) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

My Size (NASDAQ:MYSZ) released its quarterly earnings results on Thursday. The company reported ($0.31) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.01, Zacks reports. My Size had a negative return on equity of 94.65% and a negative net margin of 60.99%.The business had revenue of $2.39 million during the quarter, compared to the consensus estimate of $3.50 million.

My Size Price Performance

Shares of MYSZ stock traded down $0.01 during trading hours on Friday, reaching $0.52. The company’s stock had a trading volume of 73,815 shares, compared to its average volume of 25,361. The firm’s 50 day simple moving average is $0.61 and its 200-day simple moving average is $0.77. The company has a market capitalization of $2.51 million, a price-to-earnings ratio of -0.30 and a beta of -0.13. My Size has a fifty-two week low of $0.50 and a fifty-two week high of $1.65. The company has a quick ratio of 1.14, a current ratio of 1.87 and a debt-to-equity ratio of 0.16.

Institutional Investors Weigh In On My Size

A hedge fund recently bought a new stake in My Size stock. Virtu Financial LLC bought a new stake in My Size, Inc. (NASDAQ:MYSZ) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 32,048 shares of the company’s stock, valued at approximately $38,000. Virtu Financial LLC owned approximately 0.98% of My Size as of its most recent filing with the SEC. 27.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of My Size in a report on Friday, April 10th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, My Size currently has a consensus rating of “Sell”.

About My Size

My Size, Inc (NASDAQ: MYSZ) is a technology company specializing in mobile measurement and dimensioning solutions designed to optimize online shopping and logistics operations. Leveraging proprietary algorithms and smartphone sensors, the company enables consumers to obtain accurate body measurements and apparel fit recommendations, while also providing carriers and warehouses with automated package dimensioning systems. By addressing pain points related to e-commerce returns and shipping inefficiencies, My Size aims to drive cost savings and improve customer satisfaction across the retail and delivery ecosystems.

The company’s flagship offering, MySizeID™, is a mobile application and software development kit (SDK) that integrates with e-commerce platforms to guide shoppers to the correct garment size.