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

Senestech, Inc. (NASDAQ:SNES)’s stock price passed 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 trading hands.

Analyst Ratings Changes

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

Senestech Price Performance

The stock’s 50 day simple moving average is $1.38 and its 200-day simple moving average is $1.64. The firm has a market cap of $5.85 million, a price-to-earnings ratio of -0.79 and a beta of 0.28. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.81 and a current ratio of 6.78.

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

Insider Transactions at Senestech

In other news, major shareholder Glenbrook Capital Management purchased 35,000 shares of the stock in a transaction on Monday, July 20th. The stock was bought at an average price of $1.47 per share, with a total value of $51,450.00. Following the transaction, the insider owned 1,057,824 shares in the company, valued at $1,555,001.28. The trade was a 3.42% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders acquired 131,143 shares of company stock valued at $195,491. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. DRW Securities LLC raised its stake in shares of Senestech by 171.1% in the fourth quarter. DRW Securities LLC now owns 82,107 shares of the company’s stock worth $176,000 after purchasing an additional 51,818 shares during the last quarter. Renaissance Technologies LLC boosted its position in Senestech by 35.2% in the fourth quarter. Renaissance Technologies LLC now owns 142,800 shares of the company’s stock valued at $306,000 after buying an additional 37,165 shares during the last quarter. Jane Street Group LLC acquired a new position in Senestech in the 2nd quarter worth approximately $161,000. XTX Topco Ltd acquired a new position in Senestech in the 4th quarter worth approximately $54,000. Finally, Millennium Management LLC acquired a new position in Senestech in the 3rd quarter worth approximately $126,000. 5.19% of the stock is 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.