My Size (NASDAQ:MYSZ) Stock Price Down 4.6% – Here’s What Happened

Shares of My Size, Inc. (NASDAQ:MYSZ) dropped 4.6% during trading on Friday . The stock traded as low as $0.5101 and last traded at $0.5228. Approximately 49,124 shares traded hands during mid-day trading, a decline of 16% from the average daily volume of 58,405 shares. The stock had previously closed at $0.5480.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of My Size in a research report on Friday, April 10th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, My Size currently has a consensus rating of “Sell”.

My Size Stock Performance

The company has a quick ratio of 0.76, a current ratio of 1.69 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average price of $0.59 and a 200-day moving average price of $0.70. The firm has a market cap of $2.52 million, a price-to-earnings ratio of -0.30 and a beta of -0.10.

My Size (NASDAQ:MYSZ) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.01. My Size had a negative net margin of 60.99% and a negative return on equity of 105.26%. The company had revenue of $2.39 million for the quarter, compared to analysts’ expectations of $3.50 million.

Institutional Investors Weigh In On My Size

A hedge fund recently raised its stake in My Size stock. DRW Securities LLC raised its holdings in My Size, Inc. (NASDAQ:MYSZ) by 114.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,214 shares of the company’s stock after purchasing an additional 39,046 shares during the quarter. DRW Securities LLC owned 1.90% of My Size worth $56,000 as of its most recent filing with the Securities and Exchange Commission. 27.71% of the stock is owned by hedge funds and other institutional investors.

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.