My Size (NASDAQ:MYSZ) Trading Down 4.6% – Here’s Why

My Size, Inc. (NASDAQ:MYSZ) shares were down 4.6% during mid-day trading on Friday . The stock traded as low as $0.5101 and last traded at $0.5228. Approximately 49,124 shares changed hands during trading, a decline of 16% from the average daily volume of 58,405 shares. The stock had previously closed at $0.5480.

Wall Street Analysts Forecast Growth

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

My Size Stock Down 4.6%

The company has a quick ratio of 0.76, a current ratio of 1.69 and a debt-to-equity ratio of 0.20. The firm has a 50 day simple moving average of $0.59 and a 200-day simple moving average of $0.70. The stock has a market cap of $2.52 million, a P/E ratio of -0.30 and a beta of -0.10.

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

Institutional Trading of My Size

An institutional investor recently raised its position in My Size stock. DRW Securities LLC raised its holdings in My Size, Inc. (NASDAQ:MYSZ) by 114.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,214 shares of the company’s stock after buying an additional 39,046 shares during the period. DRW Securities LLC owned about 1.90% of My Size worth $56,000 at the end of the most recent quarter. Institutional investors own 27.71% of the company’s stock.

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.