Senestech (NASDAQ:SNES) Stock Passes Below 50 Day Moving Average – Time to Sell?

Senestech, Inc. (NASDAQ:SNES)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $1.22 and traded as low as $0.8101. Senestech shares last traded at $0.83, with a volume of 27,456 shares.

Wall Street Analysts Forecast Growth

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

Senestech Stock Down 1.7%

The business’s 50 day moving average is $1.20 and its 200 day moving average is $1.52. The company has a quick ratio of 5.81, a current ratio of 6.78 and a debt-to-equity ratio of 0.02. The company has a market cap of $4.42 million, a P/E ratio of -0.60 and a beta of 0.23.

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

Insiders Place Their Bets

In related news, major shareholder Glenbrook Capital Management bought 35,000 shares of the business’s stock in a transaction on Monday, July 20th. The shares were bought at an average price of $1.47 per share, for a total transaction of $51,450.00. Following the completion of the purchase, the insider directly owned 1,057,824 shares of the company’s stock, valued at approximately $1,555,001.28. This trade represents a 3.42% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought a total of 101,490 shares of company stock worth $145,757 over the last 90 days. 2.20% of the stock is owned by company insiders.

Institutional Trading of Senestech

An institutional investor recently bought a new stake in Senestech stock. Diversify Wealth Management LLC acquired a new position in shares of Senestech, Inc. (NASDAQ:SNES) in the 1st quarter, according to the company in its most recent filing with the SEC. 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 and hedge funds.

Senestech Company Profile

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.