SenesTech (NASDAQ:SNES) Shares Pass Below 50-Day Moving Average – What’s Next?

SenesTech, Inc. (NASDAQ:SNES)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $2.84 and traded as low as $2.02. SenesTech shares last traded at $2.10, with a volume of 18,752 shares traded.

Wall Street Analysts Forecast Growth

SNES has been the subject of several recent analyst reports. StockNews.com began coverage on shares of SenesTech in a research note on Monday, March 17th. They set a “sell” rating for the company. HC Wainwright upped their price target on shares of SenesTech from $3.50 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th.

SenesTech Stock Down 10.5 %

The firm has a market capitalization of $3.28 million, a PE ratio of -0.19 and a beta of 0.09. The company has a current ratio of 6.32, a quick ratio of 4.92 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average of $2.82 and a two-hundred day moving average of $2.78.

SenesTech (NASDAQ:SNES) last released its quarterly earnings data on Wednesday, March 12th. The company reported ($1.22) EPS for the quarter, topping analysts’ consensus estimates of ($1.50) by $0.28. The company had revenue of $0.50 million for the quarter, compared to the consensus estimate of $0.71 million. SenesTech had a negative return on equity of 150.33% and a negative net margin of 403.51%. On average, equities research analysts forecast that SenesTech, Inc. will post -10.22 EPS for the current year.

About SenesTech

SenesTech, Inc develops a technology for managing animal pest populations through fertility control. It offers ContraPest, a liquid bait that limits reproduction of male and female rats. The company was incorporated in 2004 and is headquartered in Phoenix, Arizona.