Senestech (NASDAQ:SNES) Stock Price Up 1.4% – Time to Buy?

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

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Senestech from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, July 10th. One 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 company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Senestech Stock Up 1.4%

The firm has a market capitalization of $7.42 million, a PE ratio of -0.74 and a beta of 0.28. The stock has a 50-day simple moving average of $1.58 and a 200-day simple moving average of $1.77. The company has a quick ratio of 7.79, a current ratio of 8.91 and a debt-to-equity ratio of 0.02.

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

Insider Buying and Selling

In other Senestech news, major shareholder Glenbrook Capital Management acquired 35,000 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were acquired at an average cost of $1.51 per share, with a total value of $52,850.00. Following the completion of the acquisition, the insider directly owned 1,022,824 shares in the company, valued at $1,544,464.24. This trade represents a 3.54% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought 111,773 shares of company stock worth $177,762 over the last quarter. 2.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Senestech

Large investors have recently modified their holdings of the business. DRW Securities LLC lifted 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 valued at $176,000 after buying an additional 51,818 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Senestech by 35.2% in the 4th quarter. Renaissance Technologies LLC now owns 142,800 shares of the company’s stock worth $306,000 after buying an additional 37,165 shares during the period. Millennium Management LLC purchased a new position in Senestech in the 3rd quarter valued at approximately $126,000. Jane Street Group LLC bought a new stake in Senestech during the 2nd quarter valued at $161,000. Finally, Diversify Wealth Management LLC purchased a new stake in shares of Senestech during the first quarter worth $31,000. 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.