My Size (NASDAQ:MYSZ) Stock Price Down 2% – Time to Sell?

My Size, Inc. (NASDAQ:MYSZ) shares were down 2% during mid-day trading on Friday . The stock traded as low as $1.48 and last traded at $1.48. Approximately 10,337 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 51,091 shares. The stock had previously closed at $1.51.

Wall Street Analyst Weigh In

Separately, HC Wainwright restated a “buy” rating and set a $5.00 target price on shares of My Size in a research note on Wednesday, August 21st.

My Size Price Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.94 and a quick ratio of 2.09. The firm has a market cap of $1.58 million, a price-to-earnings ratio of -0.16 and a beta of 0.90. The stock has a 50-day moving average price of $1.71 and a 200 day moving average price of $2.67.

My Size (NASDAQ:MYSZ) last released its quarterly earnings results on Monday, August 12th. The company reported ($1.28) EPS for the quarter, topping the consensus estimate of ($2.43) by $1.15. My Size had a negative return on equity of 77.26% and a negative net margin of 44.38%. The company had revenue of $1.98 million for the quarter, compared to analyst estimates of $2.00 million. As a group, equities research analysts forecast that My Size, Inc. will post -4.69 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in My Size stock. Armistice Capital LLC purchased a new position in shares of My Size, Inc. (NASDAQ:MYSZ) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,000 shares of the company’s stock, valued at approximately $69,000. Armistice Capital LLC owned about 4.06% of My Size at the end of the most recent reporting period. 27.71% of the stock is owned by institutional investors.

My Size Company Profile

My Size, Inc, an omnichannel e-commerce platform, provides AI-driven software as a service measurement solutions for fashion ecommerce companies in Israel, Spain, and internationally. It operates through Fashion and Equipment E-Commerce Platform, and SaaS Solutions segments. The company offers Size Form, which generates accurate measurements to find proper fitting clothes and accessories; First Look Smart Mirror, a solution for brick and mortar stores that allows customers to filter the whole physical store by their size and fit; Smart Catalogue, a solution that suggests the launch of new sizes, detects new product niches, and allows brands to adapt their assortment to their customer base; and True Feedback solution.