My Size Inc. (MYSZ) shares are trading at higher $1.27 and the avg recommendation for the stock is Hold.
To add more color to this target, the company’s high over the last year is $4.83 and the low is $0.68. Over the last 52 weeks, MYSZ is down -62.57% while the S&P 500 is up 18.49%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, MYSZ reported a profit of $0.14 million. My Size Inc. also saw revenues increase to $0.14 million. In addition, MYSZ has free cash flow of -$3.81 million as of 09-2020. The company’s EBITDA came in at -$4.39 million which compares well with its peers.
Find out when MYSZ reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.
Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. MYSZ has a short ratio of 1.74 and outstanding shares of 7.23M.
MYSZ has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.41 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.34. My Size Inc. MYSZ also noted assets of $4.98 million at the end of the last quarter. Investors should also keep an eye on sector updates as MYSZ has historically followed its peers on positive news.
All told, My Size Inc. MYSZ has strung together solid data and demonstrated underlying fundamentals. At its current valuation, MYSZ represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
My Size Inc. MYSZ is now commanding a market cap of 9.19M and a float of 6.51M. MYSZ is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of MYSZ stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in MYSZ, either long or short, and we have not been compensated for this article.