My Size (NASDAQ:MYSZ) Receives Buy Rating from HC Wainwright

My Size (NASDAQ:MYSZ)‘s stock had its “buy” rating reissued by research analysts at HC Wainwright in a report released on Wednesday, Benzinga reports. They currently have a $5.00 price objective on the stock. HC Wainwright’s price objective would indicate a potential upside of 132.56% from the company’s previous close.

My Size Stock Up 3.4 %

Shares of MYSZ traded up $0.07 on Wednesday, hitting $2.15. The company’s stock had a trading volume of 14,271 shares, compared to its average volume of 59,897. The firm has a market capitalization of $1.38 million, a price-to-earnings ratio of -0.10 and a beta of 0.94. The firm’s fifty day moving average price is $2.58 and its 200-day moving average price is $3.32. The company has a quick ratio of 0.97, a current ratio of 1.76 and a debt-to-equity ratio of 0.06. My Size has a fifty-two week low of $1.83 and a fifty-two week high of $21.92.

Hedge Funds Weigh In On My Size

A hedge fund recently raised its stake in My Size stock. Armistice Capital LLC increased its stake in My Size, Inc. (NASDAQ:MYSZ) by 78.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 315,000 shares of the company’s stock after purchasing an additional 138,000 shares during the quarter. Armistice Capital LLC owned approximately 8.70% of My Size worth $213,000 at the end of the most recent quarter. 27.71% of the stock is currently owned by institutional investors and hedge funds.

About My Size

My Size, Inc, an omnichannel e-commerce platform, provides AI-driven apparel sizing and digital solutions for online shopping and physical stores in Israel. The company operates through three segments: Fashion and Equipment E-Commerce Platform; SaaS Solutions; and Naiz. It offers MySizeID, an application that enables consumers to create an online profile of their personal measurements to get the right fit; BoxSize, a parcel measurement application that allows consumers to measure the size of their parcel with their smartphone, calculate shipping costs, and arrange for a convenient pick-up time for the package; and SizeUp, a digital tape measure that allows users to measure length, width, and height of a surface by moving their smartphone from point to point of an object or space.