My Size (NASDAQ:MYSZ) Given New $3.00 Price Target at HC Wainwright

My Size (NASDAQ:MYSZ) had its price objective trimmed by HC Wainwright from $5.00 to $3.00 in a report released on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

My Size Stock Performance

MYSZ stock opened at $1.47 on Monday. The company has a 50-day simple moving average of $1.66 and a 200 day simple moving average of $2.47. My Size has a fifty-two week low of $1.40 and a fifty-two week high of $7.12. The company has a quick ratio of 1.56, a current ratio of 2.49 and a debt-to-equity ratio of 0.04.

Institutional Investors Weigh In On My Size

A hedge fund recently bought a new stake in My Size stock. Armistice Capital LLC purchased a new position in My Size, Inc. (NASDAQ:MYSZ) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 26,000 shares of the company’s stock, valued at approximately $69,000. Armistice Capital LLC owned approximately 4.06% of My Size at the end of the most recent quarter. Institutional investors and hedge funds own 27.71% of the company’s stock.

About My Size

My Size, Inc, an omnichannel e-commerce platform, provides AI-driven software as a service measurement solutions for fashion ecommerce companies in Israel, Spain, and internationally. It operates through Fashion and Equipment E-Commerce Platform, and SaaS Solutions segments. The company offers Size Form, which generates accurate measurements to find proper fitting clothes and accessories; First Look Smart Mirror, a solution for brick and mortar stores that allows customers to filter the whole physical store by their size and fit; Smart Catalogue, a solution that suggests the launch of new sizes, detects new product niches, and allows brands to adapt their assortment to their customer base; and True Feedback solution.