Senestech (NASDAQ:SNES) Stock Price Breaks Above 50 Day Moving Average – Time to Sell?

Senestech, Inc. (NASDAQ:SNES)’s stock price passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $0.86 and traded as high as $1.0050. Senestech shares last traded at $0.97, with a volume of 414,361 shares changing hands.

Analyst Upgrades and Downgrades

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

Senestech Price Performance

The firm has a market capitalization of $5.26 million, a P/E ratio of -0.71 and a beta of 0.25. The company has a debt-to-equity ratio of 0.02, a current ratio of 6.78 and a quick ratio of 5.81. The stock’s fifty day simple moving average is $0.86 and its 200 day simple moving average is $1.50.

Senestech (NASDAQ:SNES) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.35) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.02. Senestech had a negative net margin of 294.73% and a negative return on equity of 71.89%. The business had revenue of $0.77 million for the quarter, compared to analysts’ expectations of $0.60 million. On average, equities research analysts predict that Senestech, Inc. will post -1.28 EPS for the current year.

Insider Activity at Senestech

In other news, major shareholder Glenbrook Capital Management acquired 426,000 shares of Senestech stock in a transaction that occurred on Thursday, October 15th. The stock was purchased at an average price of $0.77 per share, for a total transaction of $328,020.00. Following the purchase, the insider directly owned 1,505,294 shares in the company, valued at $1,159,076.38. The trade was a 39.47% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. In the last three months, insiders have purchased 1,115,169 shares of company stock worth $813,573. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Senestech

An institutional investor recently bought a new position in Senestech stock. Diversify Wealth Management LLC bought a new stake in Senestech, Inc. (NASDAQ:SNES) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 19,119 shares of the company’s stock, valued at approximately $31,000. Diversify Wealth Management LLC owned approximately 0.36% of Senestech as of its most recent SEC filing. 5.19% of the stock is owned by hedge funds and other institutional investors.

Senestech Company Profile

SenesTech, Inc is a biotechnology company focused on developing fertility-control technologies for managing animal populations. The company’s approach is designed to reduce reproduction rather than rely solely on lethal control methods, with applications primarily in rodent management.

SenesTech’s principal product is ContraPest, a liquid bait designed to reduce fertility in rats by affecting reproductive function in both male and female animals. The product is intended for use in commercial, municipal and other settings where rat populations pose sanitation, health or property risks.