Is My Size Inc. (MYSZ) positioned for future growth?

My Size Inc. (NASDAQ: MYSZ) stock jumped 5.68% on Friday to $0.24 against a previous-day closing price of $0.23. With 1.32 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.95 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $0.3100 whereas the lowest price it dropped to was $0.2201. The 52-week range on MYSZ shows that it touched its highest point at $2.97 and its lowest point at $0.18 during that stretch. It currently has a 1-year price target of $2.00.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MYSZ was up-trending over the past week, with a rise of 9.69%, but this was up by 16.50% over a month. Three-month performance dropped to -9.47% while six-month performance fell -38.45%. The stock lost -79.66% in the past year, while it has lost -52.48% so far this year.

Float and Shares Shorts:

At present, 23.98 million MYSZ shares are outstanding with a float of 22.31 million shares on hand for trading. On Jul 14, 2022, short shares totaled 32479.999999999996, which was 0.13% higher than short shares on Jun 14, 2022. In addition to Mr. Ronen Luzon as the firm’s Founder, CEO & Director, Mr. Or Kles CPA serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 9.76% of MYSZ’s outstanding shares, institutional investors have minority control over the company. Other institutions hold — of MYSZ, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 0.46% stake in MYSZ, the Harel Sal is the largest stakeholder. A total of 116,639 shares are owned by the mutual fund manager. The Fidelity Nasdaq Composite Index F, which owns about 0.34% of MYSZ stock, is the second-largest Mutual Fund holder. It holds 86,590 shares valued at 19582.0. MTF TR holds 0.26% of the stake in MYSZ, owning 66,583 shares worth 15058.0.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MYSZ since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With MYSZ analysts setting a high price target of $2.00 and a low target of $2.00, the average target price over the next 12 months is $2.00. Based on these targets, MYSZ could surge 733.33% to reach the target high and rise by 733.33% to reach the target low. Reaching the average price target will result in a growth of 733.33% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$1.30 being high and -$1.30 being low. For MYSZ, this leads to a yearly average estimate of -$1.30. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Based on analyst estimates, the high estimate for the next quarter is -$0.08 and the low estimate is -$0.08. The average estimate for the next quarter is thus -$0.08.

Summary of Insider Activity:

Insiders traded MYSZ stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has risen to 5 over the past year. The total number of shares bought during that period was 0 while 195,000 shares were sold.

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