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

Senestech, Inc. (NASDAQ:SNES) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $1.38 and traded as low as $1.05. Senestech shares last traded at $1.08, with a volume of 34,856 shares changing hands.

Wall Street Analysts Forecast Growth

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

Senestech Trading Down 1.8%

The company has a market capitalization of $5.85 million, a PE ratio of -0.79 and a beta of 0.28. The company’s fifty day moving average is $1.38 and its 200-day moving average is $1.64. The company has a debt-to-equity ratio of 0.02, a current ratio of 6.78 and a quick ratio of 5.81.

Senestech (NASDAQ:SNES) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.35) EPS for the quarter, topping the consensus estimate of ($0.37) by $0.02. The firm had revenue of $0.77 million during the quarter, compared to analyst estimates of $0.60 million. Senestech had a negative return on equity of 71.89% and a negative net margin of 294.73%. On average, analysts anticipate that Senestech, Inc. will post -1.28 EPS for the current fiscal year.

Insider Transactions at Senestech

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 131,143 shares of company stock valued at $195,491 in the last 90 days. 2.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC purchased a new stake in Senestech during the second quarter valued at approximately $59,000. Jane Street Group LLC purchased a new position in Senestech in the fourth quarter worth $32,000. Diversify Wealth Management LLC acquired a new position in shares of Senestech during the first quarter worth $31,000. XTX Topco Ltd acquired a new position in shares of Senestech during the fourth quarter worth $54,000. Finally, Millennium Management LLC purchased a new stake in shares of Senestech during the 3rd quarter valued at $126,000. Hedge funds and other institutional investors own 5.19% of the company’s stock.

About Senestech

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.