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

My Size (NASDAQ:MYSZ) issued its 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 net margin of 60.99% and a negative return on equity of 94.65%. The business had revenue of $2.39 million during the quarter, compared to analysts’ expectations of $3.50 million.

My Size Stock Performance

NASDAQ:MYSZ traded down $0.01 during trading hours on Friday, reaching $0.52. 73,815 shares of the company’s stock were exchanged, compared to its average volume of 25,361. The firm has a market capitalization of $2.51 million, a price-to-earnings ratio of -0.30 and a beta of -0.13. The company has a 50-day moving average of $0.61 and a 200 day moving average of $0.77. The company has a quick ratio of 1.14, a current ratio of 1.87 and a debt-to-equity ratio of 0.16. My Size has a 1-year low of $0.50 and a 1-year high of $1.65.

Institutional Trading of My Size

A hedge fund recently bought a new stake in My Size stock. Virtu Financial LLC purchased a new position in shares of My Size, Inc. (NASDAQ:MYSZ) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 32,048 shares of the company’s stock, valued at approximately $38,000. Virtu Financial LLC owned 0.98% of My Size at the end of the most recent reporting period. 27.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated 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, Based on data from MarketBeat.com, the company 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.