Senestech (NASDAQ:SNES) Share Price Passes Below 50 Day Moving Average – Should You Sell?

Shares of Senestech, Inc. (NASDAQ:SNES) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $1.77 and traded as low as $1.66. Senestech shares last traded at $1.73, with a volume of 511,300 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Senestech in a report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Senestech has an average rating of “Hold”.

Senestech Trading Down 12.2%

The business’s 50 day moving average price is $1.77 and its two-hundred day moving average price is $2.26. The company has a current ratio of 12.61, a quick ratio of 11.36 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $9.12 million, a price-to-earnings ratio of -0.62 and a beta of 0.18.

Senestech (NASDAQ:SNES) last posted its earnings results on Thursday, March 12th. The company reported ($0.29) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.01. Senestech had a negative net margin of 287.39% and a negative return on equity of 78.74%. The business had revenue of $0.42 million for the quarter, compared to the consensus estimate of $0.78 million. On average, equities analysts predict that Senestech, Inc. will post -1.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Senestech news, major shareholder Glenbrook Capital Management bought 19,725 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were acquired at an average cost of $1.79 per share, for a total transaction of $35,307.75. Following the transaction, the insider directly owned 890,635 shares in the company, valued at approximately $1,594,236.65. This represents a 2.26% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have purchased 291,281 shares of company stock worth $591,447. 5.29% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Diversify Wealth Management LLC bought a new position in Senestech during the 1st quarter worth approximately $31,000. XTX Topco Ltd bought a new position in Senestech during the 4th quarter worth approximately $54,000. Sabby Management LLC raised its holdings in Senestech by 195.4% during the 4th quarter. Sabby Management LLC now owns 210,564 shares of the company’s stock worth $451,000 after purchasing an additional 139,281 shares during the last quarter. Jane Street Group LLC bought a new position in Senestech during the 4th quarter worth approximately $32,000. Finally, DRW Securities LLC raised its holdings in Senestech by 171.1% during the 4th 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. 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.