FY2029 EPS Estimates for Senestech Lifted by HC Wainwright

Senestech, Inc. (NASDAQ:SNES) – Research analysts at HC Wainwright upped their FY2029 earnings per share (EPS) estimates for shares of Senestech in a note issued to investors on Wednesday, November 12th. HC Wainwright analyst A. Dayal now forecasts that the company will post earnings per share of $0.09 for the year, up from their prior forecast of $0.07. HC Wainwright has a “Strong-Buy” rating on the stock. The consensus estimate for Senestech’s current full-year earnings is ($10.22) per share.

Several other analysts have also recently issued reports on SNES. Weiss Ratings restated a “sell (d-)” rating on shares of Senestech in a research note on Wednesday, October 8th. Zacks Research raised shares of Senestech to a “hold” rating in a research report on Monday, August 11th. Finally, Wall Street Zen upgraded Senestech to a “hold” rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $10.00.

Senestech Stock Down 6.9%

Shares of SNES traded down $0.21 during midday trading on Thursday, hitting $2.79. The company had a trading volume of 115,182 shares, compared to its average volume of 120,251. The stock has a market cap of $14.54 million, a price-to-earnings ratio of -0.76 and a beta of 0.36. The company’s 50 day moving average price is $4.09 and its 200 day moving average price is $4.04. The company has a quick ratio of 8.35, a current ratio of 15.75 and a debt-to-equity ratio of 0.01. Senestech has a 52 week low of $1.30 and a 52 week high of $6.24.

Senestech (NASDAQ:SNES) last released its earnings results on Monday, November 10th. The company reported ($0.28) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.07. The company had revenue of $0.69 million during the quarter, compared to analysts’ expectations of $0.73 million. Senestech had a negative return on equity of 98.35% and a negative net margin of 253.54%.

Institutional Trading of Senestech

A number of institutional investors have recently made changes to their positions in SNES. Corsair Capital Management L.P. bought a new stake in Senestech during the second quarter worth approximately $255,000. Jane Street Group LLC purchased a new stake in shares of Senestech in the 2nd quarter valued at approximately $161,000. Essex Investment Management Co. LLC purchased a new position in Senestech during the 3rd quarter worth approximately $115,000. Finally, Geode Capital Management LLC acquired a new stake in Senestech during the 2nd quarter valued at $59,000. 5.19% of the stock is owned by institutional investors and hedge funds.

Senestech Company Profile

SenesTech, Inc develops a technology for managing animal pest populations through fertility control. It offers ContraPest, a liquid bait that limits reproduction of male and female rats. The company was incorporated in 2004 and is headquartered in Phoenix, Arizona.