My Size (NASDAQ:MYSZ) Shares Down 2% – Here’s What Happened

My Size, Inc. (NASDAQ:MYSZ)’s stock price fell 2% during trading on Friday . The company traded as low as $1.48 and last traded at $1.48. 10,337 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 51,091 shares. The stock had previously closed at $1.51.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reiterated a “buy” rating and issued a $5.00 target price on shares of My Size in a research note on Wednesday, August 21st.

My Size Price Performance

The stock’s 50 day moving average price is $1.71 and its two-hundred day moving average price is $2.66. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.94 and a quick ratio of 2.09. The firm has a market capitalization of $1.58 million, a price-to-earnings ratio of -0.16 and a beta of 0.90.

My Size (NASDAQ:MYSZ) last released its quarterly earnings results on Monday, August 12th. The company reported ($1.28) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.43) by $1.15. The company had revenue of $1.98 million during the quarter, compared to analysts’ expectations of $2.00 million. My Size had a negative net margin of 44.38% and a negative return on equity of 77.26%. On average, equities research analysts anticipate that My Size, Inc. will post -4.69 EPS for the current year.

Institutional Investors Weigh In On My Size

An institutional investor recently bought a new position in My Size stock. Armistice Capital LLC purchased a new stake in My Size, Inc. (NASDAQ:MYSZ) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 26,000 shares of the company’s stock, valued at approximately $69,000. Armistice Capital LLC owned 4.06% of My Size at the end of the most recent reporting period. Hedge funds and other institutional investors own 27.71% of the company’s stock.

My Size Company Profile

My Size, Inc, an omnichannel e-commerce platform, provides AI-driven software as a service measurement solutions for fashion ecommerce companies in Israel, Spain, and internationally. It operates through Fashion and Equipment E-Commerce Platform, and SaaS Solutions segments. The company offers Size Form, which generates accurate measurements to find proper fitting clothes and accessories; First Look Smart Mirror, a solution for brick and mortar stores that allows customers to filter the whole physical store by their size and fit; Smart Catalogue, a solution that suggests the launch of new sizes, detects new product niches, and allows brands to adapt their assortment to their customer base; and True Feedback solution.