Senestech FY2030 EPS Forecast Increased by HC Wainwright

Senestech, Inc. (NASDAQ:SNES) – HC Wainwright boosted their FY2030 earnings per share estimates for Senestech in a research report issued on Tuesday, August 11th. HC Wainwright analyst A. Dayal now forecasts that the company will post earnings per share of $0.46 for the year, up from their prior estimate of $0.35. The consensus estimate for Senestech’s current full-year earnings is ($1.57) per share.

Senestech (NASDAQ:SNES) last issued its earnings results on Wednesday, August 5th. The company reported ($0.35) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.02. Senestech had a negative return on equity of 71.89% and a negative net margin of 294.73%.The company had revenue of $0.77 million for the quarter, compared to analyst estimates of $0.60 million.

Separately, Weiss Ratings upgraded shares of Senestech from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, July 10th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Senestech Stock Performance

Shares of SNES stock opened at $1.26 on Wednesday. The company has a current ratio of 6.78, a quick ratio of 5.81 and a debt-to-equity ratio of 0.02. The firm has a fifty day simple moving average of $1.49 and a two-hundred day simple moving average of $1.70. Senestech has a 12 month low of $1.15 and a 12 month high of $5.35. The firm has a market capitalization of $6.83 million, a PE ratio of -0.92 and a beta of 0.28.

Insider Buying and Selling

In other news, major shareholder Glenbrook Capital Management bought 35,000 shares of the company’s stock in a transaction on Monday, July 20th. The shares were purchased at an average price of $1.47 per share, with a total value of $51,450.00. Following the transaction, the insider directly owned 1,057,824 shares in the company, valued at $1,555,001.28. This represents a 3.42% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have bought 165,263 shares of company stock valued at $252,739. Company insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Senestech

Institutional investors have recently modified their holdings of the business. Diversify Wealth Management LLC bought a new stake in Senestech during the first quarter worth $31,000. XTX Topco Ltd bought a new position in Senestech in the 4th quarter valued at $54,000. Sabby Management LLC grew its stake in Senestech by 195.4% in the 4th quarter. Sabby Management LLC now owns 210,564 shares of the company’s stock valued at $451,000 after purchasing an additional 139,281 shares during the period. Jane Street Group LLC purchased a new stake in shares of Senestech during the 4th quarter valued at $32,000. Finally, DRW Securities LLC raised its stake in shares of 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 period. 5.19% of the stock is owned by institutional investors.

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.