Senestech (NASDAQ:SNES) Stock Price Down 3.7% – Here’s What Happened

Senestech, Inc. (NASDAQ:SNES)’s stock price traded down 3.7% during mid-day trading on Friday . The company traded as low as $2.33 and last traded at $2.33. 48,895 shares traded hands during mid-day trading, an increase of 13% from the average session volume of 43,141 shares. The stock had previously closed at $2.42.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Senestech in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Senestech Stock Performance

The stock’s 50-day moving average is $3.08 and its 200 day moving average is $4.05. The stock has a market cap of $12.16 million, a price-to-earnings ratio of -0.64 and a beta of 0.21. The company has a debt-to-equity ratio of 0.01, a current ratio of 15.75 and a quick ratio of 14.73.

Senestech (NASDAQ:SNES) last issued its earnings results on Monday, November 10th. The company reported ($0.28) earnings per share (EPS) for the quarter, topping 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%. As a group, analysts predict that Senestech, Inc. will post -10.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Senestech

A number of hedge funds and other institutional investors have recently bought and sold shares of SNES. Sabby Management LLC acquired a new position in shares of Senestech during the 3rd quarter worth $313,000. Corsair Capital Management L.P. purchased a new stake in Senestech during the second quarter worth about $255,000. Jane Street Group LLC purchased a new stake in Senestech during the second quarter worth about $161,000. Millennium Management LLC acquired a new position in Senestech during the third quarter worth about $126,000. Finally, Essex Investment Management Co. LLC purchased a new position in Senestech in the third quarter valued at about $115,000. Institutional investors and hedge funds 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.