SenesTech, Inc. (SNES) Stock: Here’s Why It’s Headed Down

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SenesTech, Inc. (SNES) is making a move down in the market in today’s trading session. The company, focused in the biotech sector, is presently priced at $0.87 after heading down -8.37% so far in today’s session. In terms of biotech stocks, there are several aspects that have the potential to lead to declines in the market. One of the most common is news. Here are the recent stories surrounding 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

Nonetheless, when making a decision with regard to investing, investors should take a look at far more than news, this is especially the case in the highly speculative biotechnology space. Here’s what’s happening with SenesTech, Inc..

Recent Trends From SNES

While a decline in a single session, like the move that we’re seeing from SenesTech, Inc. may cause fear in some investors, a single session decline alone should not be the basis of a decision to, or not to, buy a company’s stock. It is generally important to take a look at trends experienced by the stock just a single trading day. As it relates to SNES, here are the returns that we’ve seen:

  • Past 5 Trading Sessions – Throughout the last week, SNES has produced a change in value that amounts to -22.32%.
  • Monthly – The return from SenesTech, Inc. throughout the past month works out to -30.40%.
  • Quarterly – In the past quarter, the stock has generated a ROI that works out to -36.50%
  • Bi-Annually – In the past six months, we have seen a change that equates to -22.32% from the stock.
  • This Year So Far – Since the the last trading session of last year SNES has generated a return of 48.67%.
  • Annually – Finally, throughout the last full year, investors have seen performance that works out to 18.51% from SNES. In this period, the stock has sold at a high of -55.38% and a low price of 58.18%.

Ratios Of Note

Digging into a few key ratios associated with a company can provide prospective traders an understanding of just how dangerous and/or rewarding a stock pick may be. Here are a few of the key ratios to consider when looking at SNES.

Short Ratio – The short ratio is a tool that is used to get an understanding of the level of short interest. As the ratio climbs, it means that more investors have a belief that the value of the stock is going to go down. In general, biotechnology stocks tend to have a higher short ratio. However, we also tend to see a lot of short squeezes in the sector. Nonetheless, when it comes to SenesTech, Inc., the stock’s short ratio amounts to 5.00.

Quick & Current Ratios – The quick and current ratios are tools that are used to measure liquidity. Basically, they measure whether or not a company can cover its debts when they come due based on current assets or quick assets. Because many biotech companies rely on the continuation of investor support, the current and quick ratios can be bad. Nonetheless, several better companies in the biotech industry do have positive quick and current ratios. In terms of SNES, the quick and current ratios come 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 owned by the company. In this particular case, the book to share value ratio is 0.16.

Cash To Share Value – Finally, the cash to share value ratio compares the amount of cash the company has on hand to the price of shares. Several early stage biotech companies struggle to keep cash on hand. So, if you’re looking into a stock in the biotechnology industry, this is an important ratio to consider. In the case of SNES, the cash to share value ratio is 0.

Analyst Opinions With Regard To SenesTech, Inc.

Although it’s rarely a smart idea to blindly follow the thoughts of analysts, it is a smart idea to consider their analysis when validating your own thoughts before making an investment decision in the biotechnology space. Here are the most recent moves that we have seen from analysts when it comes to SNES.

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Is Big Money Interested In SenesTech, Inc.

An interesting fact that I have learned so far in my short period here has been that good investors tend to follow big money. That is to say, investors that are looking to keep their investments relatively safe will keep their eyes on moves made by institutional investors as well as insiders of the company. With that said, is big money flowing in regard to SNES? Here’s the data:

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.

Float Information

Traders seem to be interested in the total numbers of shares both available and outstanding. In regard to SenesTech, Inc., currently there are 28.57M and there is a float of 25.77M. These data mean that out of the total of 28.57M shares of SNES currently in existence today, 25.77M are able to be traded by the public.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to SNES, the short percent of the float is 4.23%.

What We’ve Seen In Financial Results

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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