SenesTech, Inc. (SNES) Stock: Here’s What’s Happening

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SenesTech, Inc. (SNES) is headed down in the market today. The company, one that is focused on the biotechnology industry, is currently priced at $1.02 after falling -7.27% so far in today’s session. As it relates to biotechnology stocks, there are several aspects that have the potential to lead to price movement in the market. One of the most common is news. Here are the most recent headlines relating to SNES:

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Sep-04-19 09:00AM SenesTech to Present at the 21st Annual Global Investment Conference on September 9, 2019
Aug-27-19 09:00AM ContraPest® Deployment in Los Angeles, CA
Aug-20-19 12:04PM What Kind Of Shareholder Appears On The SenesTech, Inc.’s (NASDAQ:SNES) Shareholder Register?
Aug-13-19 04:05PM SenesTech Announces Second Quarter 2019 Financial and Operational Results
07:50AM SenesTech’s Earnings Outlook

However, when making an investing decision, investors should look at much more than news, this is especially the case in the speculative biotech sector. Here’s what’s happing when it comes to SenesTech, Inc..

Recent Movement From SNES

While a move toward the top in a single session, like what we’re seeing from SenesTech, Inc. may lead to fear in some investors, that alone should not be the basis of a decision to, or not to, buy a company’s stock. It’s always important to look into trends experienced by the stock further out than a single trading session. When it comes to SNES, below are the returns that investors have seen:

  • Past 7 Days – Over the past 5 trading sessions, SNES has produced a change in price amounting to -11.30%.
  • Past 30 Days – The monthly returns from SenesTech, Inc. has been -25.55%.
  • Past 3 Months – Throughout the past quarter, the company has produced a return of -31.54%
  • Past Six Months – Throughout the last 6 months, investors have seen a performance that works out to -1.92% from the stock.
  • This Year So Far – Since the the last trading session of last year SNES has resulted in a return of 74.30%.
  • Full Year – Lastly, throughout the past full year, we have seen a change amounting to 24.39% out of SNES. In this period, the stock has traded at a high price of -47.69% and a low of 85.45%.

Ratios To Pay Attention To

Looking at various ratios associated with a stock generally gives prospective investors a view of how risky and/or potentially profitable a pick may be. Below are some of the most important ratios to consider when looking at SNES.

Short Ratio – The short ratio is a measure of short interest. As the ratio climbs, it shows that more investors are expecting that the price of the stock is headed for declines. Across the sector, biotechnology stocks can carry a higher short ratio. However, we also see quite a few short squeezes in the space. Nonetheless, with regard to SenesTech, Inc., it’s short ratio amounts to 5.36.

Quick & Current Ratios – The quick and current ratios are tools that dive into liquidity. Basically, they measure whether or not a company can pay for its debts as they mature using quick assets or current assets. Because many biotech companies rely on continued support from investors, the current and quick ratios can seem bad. Nonetheless, several better companies in the biotechnology sector do have good quick and current ratios. In terms of SNES, the quick and current ratios add up to 2.60 and 3.70 respectively.  

Book To Share Value – The book to share value compares the the share price to the book value of assets that are owned by the company. In this case, the book to share value ratio equates to 0.16.

Cash To Share Value – Finally, the cash to share value ratio compares the total cash on hand to the price of shares. Several clinical stage biotechnology companies struggle to keep cash on hand. So, if you’re looking into a biotech stock, this is an important ratio to look into. In terms of SNES, the cash to share value ratio comes to 0.

How Analysts Feel About SenesTech, Inc.

While it’s never a good idea to avoid doing your due diligence and blindly following the thoughts of analysts, it is a good idea to consider their analysis when validating your own due diligence before making an investment decision in the biotech industry. Here are the most recent moves that we’ve seen from analysts with regard to SNES.

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Moves From Big Money Players

An interesting fact I have come to understand so far in my brief time on Earth is that smart money tends to follow the moves made by big money. Usually, investors that want to keep the risk down will keep an eye on investments made by institutions as well as those on the inside. So, how does the big money flow in regard to SNES? Here’s what’s happening:

Institutions own 7.60% of the company. Institutional interest has moved by 4.27% over the past three months. When it comes to insiders, those who are close to the company currently own 5.30% percent of SNES shares. Institutions have seen ownership changes of an accumulative 68.64% over the last three months.

What You Need To Know About Share Counts

Investors and traders seem to have an interest in the counts of shares both outstanding and available. As far as SenesTech, Inc., there are currently 28.57M with a float of 25.77M. This means that out of the total of 28.57M shares of SNES that are out there today, 25.77M are available to be traded on the public market.

It’s also important to look at the short percent. After all, if a large percentage of the float available for trading is sold short, the overall opinion in the market is that the company is going to take a dive. As far as SNES, the percentage of the float that is shorted currently sits at 4.23%. In general, concerning short percent of the float is any percentage over 40%. Nonetheless, I’ve found that any short ratio over 26% is generally a risky play.

Financial Performance

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-0.29. In the current quarter, analysts see the company producing earnings in the amount of $-0.10. Over the last 5 years, SNES has generated revenue in the amount of $0 with earnings coming in at 0. On a quarter over quarter basis, earnings have seen movement of 62.20% and revenue has seen movement of -33.30%.

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