Armistice Capital LLC Purchases Shares of 26,000 My Size, Inc. (NASDAQ:MYSZ)

Armistice Capital LLC bought a new position in My Size, Inc. (NASDAQ:MYSZ) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 26,000 shares of the company’s stock, valued at approximately $69,000.

My Size Price Performance

MYSZ opened at $1.72 on Friday. The stock has a 50-day moving average price of $2.06 and a 200-day moving average price of $3.00. My Size, Inc. has a 1 year low of $1.56 and a 1 year high of $8.80. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.94 and a quick ratio of 2.09. The firm has a market cap of $1.10 million, a PE ratio of -0.08 and a beta of 0.91.

My Size (NASDAQ:MYSZ) last issued its earnings results on Monday, August 12th. The company reported ($1.28) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.43) by $1.15. My Size had a negative net margin of 44.38% and a negative return on equity of 77.26%. The company had revenue of $1.98 million for the quarter, compared to analysts’ expectations of $2.00 million. Sell-side analysts predict that My Size, Inc. will post -4.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, HC Wainwright restated a “buy” rating and issued a $5.00 target price on shares of My Size in a research note on Wednesday, August 21st.

About My Size

My Size, Inc, an omnichannel e-commerce platform, provides AI-driven apparel sizing and digital solutions for online shopping and physical stores in Israel. The company operates through three segments: Fashion and Equipment E-Commerce Platform; SaaS Solutions; and Naiz. It offers MySizeID, an application that enables consumers to create an online profile of their personal measurements to get the right fit; BoxSize, a parcel measurement application that allows consumers to measure the size of their parcel with their smartphone, calculate shipping costs, and arrange for a convenient pick-up time for the package; and SizeUp, a digital tape measure that allows users to measure length, width, and height of a surface by moving their smartphone from point to point of an object or space.