In the after-market session, on March 03, My Size Inc. (MYSZ) recovered what it lost during regular trading. On Thursday, the stock reached a value of $0.3921 in the after hours. There is no official news or SEC filing from the company behind the stock’s recent movement.
Intraday trading, MYSZ stock varied between $0.3310 and $0.3999 while 1.5 million shares exchanged hands. The stock closed the session in the red with a loss of 8.19% or $0.0321. Thus, at the close of regular trading, the stock had a price of $0.3599 per share. Following the downtrend, MYSZ reversed its loss in the after-hours as it added 8.95%.
The mobile devices measurement solutions provider, My Size Inc. has a market capitalization of $9.84 million. The Israel-based company has 23.98 million shares outstanding in the market.
What Happened with MYSZ?
While being in an almost stagnant position for the second half of last month, MYSZ stock has been on a rollercoaster ride this week. On March 01, the stock witnessed a good gain which was followed by a downfall the following day. The downtrend then continued into the regular session on Thursday. Following this, the stock made a comeback in the after hours to recover its regular session’s loss. This recent movement has no official reason as the latest news from the company date back to February 08, with the most recent SEC filing on February 14. Hence, the stock seems to be moving due to external factors and stock sentiment. Social media discussion might have something to do with the recent movement.
In the past five days, MYSZ stock has added a value of 11.05% while losing 28.73% year to date. The stock subtracted a huge 70.50% in the past year.
Orgad’s Acquisition
On February 08, the company announced the acquisition of Orgad, which is an Omnichannel e-commerce platform. Headquartered in Israel, the home country of MYSZ, Orgad operates worldwide including Europe and U.S.
According to the terms of the transaction, the company will pay a cash consideration of up to $1 million to Orgad sellers in installments over 3 years. In addition, equity consideration of up to 2,790,049 MYSZ common shares and certain earn-out payments are also included.
MYSZ’s FirstLook Smart Mirror
On February 03, the company announced the availability of its FirstLook Smart Mirror. It is an interactive, mirror-like touch display that gives an enhanced online shipping experience and contactless checkout to shoppers in physical stores.
