Senestech (NASDAQ:SNES) Trading Down 1.8% – Should You Sell?

Senestech, Inc. (NASDAQ:SNES) shares fell 1.8% during mid-day trading on Friday . The company traded as low as $2.21 and last traded at $2.22. 15,730 shares were traded during mid-day trading, a decline of 70% from the average session volume of 52,936 shares. The stock had previously closed at $2.26.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Senestech in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Senestech currently has an average rating of “Hold”.

Senestech Trading Down 1.8%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 14.73 and a current ratio of 15.75. The business has a fifty day simple moving average of $2.64 and a 200 day simple moving average of $3.94. The company has a market cap of $11.59 million, a P/E ratio of -0.61 and a beta of 0.19.

Senestech (NASDAQ:SNES) last issued its quarterly earnings results on Monday, November 10th. The company reported ($0.28) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.07. The business had revenue of $0.69 million during the quarter, compared to the consensus estimate of $0.73 million. Senestech had a negative return on equity of 98.35% and a negative net margin of 253.54%. Analysts anticipate that Senestech, Inc. will post -10.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Sabby Management LLC acquired a new stake in Senestech in the third quarter worth about $313,000. Corsair Capital Management L.P. acquired a new position in Senestech during the 2nd quarter valued at about $255,000. Jane Street Group LLC bought a new stake in shares of Senestech during the 2nd quarter worth about $161,000. Millennium Management LLC acquired a new stake in shares of Senestech in the 3rd quarter worth approximately $126,000. Finally, Essex Investment Management Co. LLC acquired a new stake in shares of Senestech in the 3rd quarter worth approximately $115,000. Institutional investors and hedge funds own 5.19% of the company’s stock.

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.