Senestech (NASDAQ:SNES) Stock Price Up 1.4% – What’s Next?

Senestech, Inc. (NASDAQ:SNES)’s stock price shot up 1.4% during mid-day trading on Thursday . The stock traded as high as $1.54 and last traded at $1.40. Approximately 89,042 shares were traded during mid-day trading, an increase of 53% from the average daily volume of 58,374 shares. The stock had previously closed at $1.38.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Senestech from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Senestech presently has an average rating of “Hold”.

Senestech Stock Performance

The firm’s 50 day moving average price is $1.57 and its two-hundred day moving average price is $1.77. The firm has a market cap of $7.37 million, a PE ratio of -0.74 and a beta of 0.28. The company has a debt-to-equity ratio of 0.02, a quick ratio of 7.79 and a current ratio of 8.91.

Senestech (NASDAQ:SNES) last released its quarterly earnings results on Tuesday, May 12th. The company reported ($0.31) EPS for the quarter, beating the consensus estimate of ($0.33) by $0.02. The firm had revenue of $0.49 million for the quarter, compared to analyst estimates of $0.63 million. Senestech had a negative net margin of 304.22% and a negative return on equity of 67.60%. On average, research analysts forecast that Senestech, Inc. will post -1.57 earnings per share for the current year.

Insider Buying and Selling

In other news, major shareholder Glenbrook Capital Management acquired 35,000 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was acquired at an average cost of $1.51 per share, with a total value of $52,850.00. Following the completion of the purchase, the insider owned 1,022,824 shares of the company’s stock, valued at $1,544,464.24. This represents a 3.54% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders acquired 111,773 shares of company stock worth $177,762 in the last 90 days. 2.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Diversify Wealth Management LLC acquired a new position in shares of Senestech in the first quarter worth $31,000. XTX Topco Ltd acquired a new position in Senestech during the 4th quarter worth approximately $54,000. Sabby Management LLC lifted its position in shares of 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 acquired a new stake in Senestech in the fourth quarter valued at $32,000. Finally, DRW Securities LLC increased its holdings in shares of Senestech by 171.1% in the 4th quarter. DRW Securities LLC now owns 82,107 shares of the company’s stock valued at $176,000 after acquiring an additional 51,818 shares during the last quarter. Hedge funds and other 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.