SenesTech, Inc. (SNES) Stock: A Strong Pick In The Biotechnology Industry?

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SenesTech, Inc. (SNES) is falling in the market today. The stock, one that is focused on the biotechnology sector, is currently trading at $0.71 after tumbling -7.30% so far in today’s session. As it relates to biotech companies, there are quite a few aspects that have the potential to generate movement in the market. News is one of the most common reasons for movement. Here are the recent trending headlines surrounding SNES:

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Nov-05-19 09:00AM SenesTech, Inc. to Report Third Quarter 2019 Financial Results on Tuesday, November 12, 2019
Oct-04-19 12:40PM Read This Before Selling SenesTech, Inc. (NASDAQ:SNES) Shares
Oct-03-19 07:15AM SNES: A 21st century approach to curb rat infestation!
Sep-30-19 06:15AM SNES: Initiating coverage of SenesTech with a price target of $1.35
Sep-26-19 09:00AM SenesTech Expands ContraPest® in Organic Agriculture

However, when making an investing decision, prospective investors should look at far more than just news, this is especially the case in the speculative biotechnology industry. Here’s what’s happening in regard to SenesTech, Inc..

Recent Moves From SNES

Although a move down on a single session, like the move that 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, invest in a stock. It’s generally smart to look into trends experienced by the stock further out than a single trading day. As it relates to SNES, below are the returns on investment that investors have seen:

  • Past 7 Days – In the past 5 trading sessions, SNES has produced a price change in the amount of 1.73%.
  • Past Month – The monthly returns from SenesTech, Inc. has been -20.21%.
  • Past 3 Months – Throughout the past three months, the company has produced a return on investment of -50.69%
  • Past Six Months – Throughout the previous 6 months, we’ve seen a change that works out to -61.20% from the company.
  • Year To Date – Since the the last trading session of last year SNES has produced a return on investment of 21.34%.
  • Annually – Finally, in the past full year, investors have seen movement that comes to -10.11% out of SNES. In this period, the stock has traded at a high price of -63.58% and a low price of 29.11%.

Rations That Investors Should Consider

Looking at various key ratios having to do with a company can give investors a view of how risky and/or rewarding a stock pick may be. Below are a few of the important ratios to consider when looking at SNES.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors believe that the value of the stock is going to tumble. Throughout the sector, biotechnology stocks tend to have a higher short ratio. However, we also see quite a few short squeezes in the sector. Nonetheless, in relation to SenesTech, Inc., it’s short ratio clocks in at 3.94.

Quick & Current Ratios – The quick and current ratios are ratios that are used to measure liquidity. Basically, they measure whether or not a company can pay for its debts when they mature with only quick assets or current assets. Because many biotech many companies rely heavily on the continuation of support from investors, these ratios can look bad. Nonetheless, several good picks in the biotech industry come with great quick and current ratios. When it comes to SNES, the quick and current ratios total up to 2.60 and 3.70 respectively.  

Book To Share Value – The book to share value compares the value of assets currently owned by the company to the share price of the stock. In the case of SenesTech, Inc., the book to share value ratio comes in at 0.16.

Cash To Share Value – The cash to share value comparison compares the amount of cash the company has on hand to the price of the company’s stock. Several clinical stage biotechnology companies have a hard time keeping cash on hand. So, if you’re looking into a biotechnology stock, this is an important ratio to look into. In this case, the cash to share value ratio comes to 0.

What Analysts Think About SenesTech, Inc.

While it’s not a good idea to unknowingly follow the opinions of analysts, it is a good idea to consider their analysis when validating your own due diligence when it comes to making investment decisions in the biotech industry. Below are the recent moves that we have seen from analysts as it relates to SNES.

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Smart Money Follows Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in SNES, here’s what we’re seeing:

Institutions own 7.10% of the company. Institutional interest has moved by -0.32% over the past three months. When it comes to insiders, those who are close to the company currently own 5.00% percent of SNES shares. Institutions have seen ownership changes of an accumulative 83.62% over the last three months.

What’s The Float Looking Like?

Traders tend to be interested in the counts of shares both available and outstanding. As far as SenesTech, Inc., currently there are 26.54M and there is a float of 25.86M. These data mean that of the total of 26.54M shares of SNES that are out there today, 25.86M are able to be traded in the public space.

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 2.21%.

Financial Performance

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-0.30. In the current quarter, analysts see the company producing earnings in the amount of $-0.09. 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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I’d Love To Learn From You!

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