My Size (NASDAQ:MYSZ) Stock Price Up 6% – Here’s What Happened

My Size, Inc. (NASDAQ:MYSZ) traded up 6% during mid-day trading on Wednesday . The company traded as high as $0.4770 and last traded at $0.4770. 56,860 shares traded hands during trading, a decline of 78% from the average session volume of 253,394 shares. The stock had previously closed at $0.45.

Analysts Set New Price Targets

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

My Size Stock Performance

The firm has a market capitalization of $2.22 million, a PE ratio of -0.27 and a beta of -0.09. The company’s 50-day simple moving average is $0.52 and its 200 day simple moving average is $0.64. The company has a quick ratio of 0.76, a current ratio of 1.69 and a debt-to-equity ratio of 0.20.

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

Hedge Funds Weigh In On My Size

An institutional investor recently raised its position in My Size stock. DRW Securities LLC grew its holdings in shares of My Size, Inc. (NASDAQ:MYSZ) by 114.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 73,214 shares of the company’s stock after purchasing an additional 39,046 shares during the period. DRW Securities LLC owned approximately 1.90% of My Size worth $56,000 at the end of the most recent quarter. 27.71% of the stock is currently 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.