timothy sykes logo

Stock News

From Drastic Plunge to Astronomic Rise: My Size Inc.’s Trading Roller Coaster

Bryce TuoheyAvatar
Written by Bryce Tuohey Reviewed by Tim Sykes Fact-checked by Matt Monaco
From Drastic Plunge to Astronomic Rise: My Size Inc.’s Trading Roller Coaster Thumbnail

My Size Inc.’s stock skyrocketed partly due to the company’s successful fashion show showcasing the innovative MySizeID mobile measurement technology. On Friday, My Size Inc.’s stocks have been trading up by 114.69 percent.

Market Reactions:

  • Stock prices of My Size (MYSZ) have skyrocketed 340% in premarket after an earlier 21% rise, stirring market excitement.

Candlestick Chart

Live Update At 09:18:17 EST: On Friday, December 27, 2024 My Size Inc. stock [NASDAQ: MYSZ] is trending up by 114.69%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

  • Another premarket session marked a 250% surge following a previous jump, underscoring heightened investor action.

  • Headlines continue to echo MYSZ’s unexpected climb, capturing investor attention as valuations reach new highs.

A Close Look at My Size Inc.’s Financials

Trading requires a strategic and patient approach. It’s essential to wait for the right opportunities and not rush into decisions. As millionaire penny stock trader and teacher Tim Sykes, says, “Be patient, don’t force trades, and let the perfect setups come to you.” This mindset helps successful traders make more informed and calculated trades, leading to better results in the long run.

My Size Inc.’s latest earnings unfolded some curious curves in its financial landscape. The revenues stand at $6.99M, yet challenges linger, amplified by a considerable operating expense leading to a net loss of $1.3M. The gross margin reveals some breathing space at 44%, showing competence in cost management despite overall profitability being constrained. But where does this place MYSZ in an investor’s palette?

Looking deeper into the ratios, the heap of negative figures speaks volumes. With an EBIT margin hovering at a disconcerting -34.1% and other key profitability measures following suit, the company’s current scenario is a whirlwind of trials. On liquidity, however, MYSZ shows a better stance with a favorable current ratio of 2.5 and a quick ratio above 1.

More Breaking News

And what about debts? The capital structure welcomes low leverage – total debt remains manageable with a debt-to-equity ratio that is far from alarming. Yet, it must be noted that the enterprise value suggests market perception sees some underlying potential, likely fueled by recent market responses.

Does the Stock Chart Tell the Same Story?

If numbers paint a picture, the stock chart bears its own tale. The meteoric rise from rather muted price lows in December proves notable. On Dec 19, the stock sat quietly with a close price of $1.35, only to erupt around Dec 20, when prices soared to $4.25, hinting at pivotal operational catalysts or dominant sentiment waves impacting stock perception.

Intraday movements reveal an even more tempestuous dance. The swings from mere $5 in early morning premarket to highs of over $10 mark it as a traders’ delight. Patterns suggest a fevered spell driven by speculation––aligning with buzz from recent exponential market buzz.

Factors Fueling the Enthusiasm?

Behind the excitement, the catalyst of such robust trading motion points back to headline-making events. With stock jumps reflecting new highs and market shifts, the cause lies equally in organic company developments and external speculations. Looking ahead, one must weigh such spikes in light of both the inherent business realities and investor sentiment dynamics.

The current hype around MYSZ reflects an ordeal of optimism versus skepticism. For potential investors, these oscillations entail opportunities but also risks akin to stormy stock seas. Unique market sentiment triggers are likely pivotal here––though it’s yet to be seen how long the momentum will sustain or if it can fold into sustainable future growth.

The Final Verdict

In the midst of a sea of swings, My Size Inc.’s recent trading trajectory marks an exciting chapter. Driven by speculative interests, pronounced volatility presents both enticing prospects and inherent risks. Traders drawn to the allure must circumnavigate with a strategic compass, aware that horizons of reward and regret co-exist. As millionaire penny stock trader and teacher Tim Sykes, says, “You must adapt to the market; the market will not adapt to you.”

In looking closely at MYSZ, it’s not solely about the ‘what’ and ‘how’ of momentary gains, but rather the deeper story that fuels them, coupled with the ever-present question of ‘what next?’ With wider market movement taking cues from such phenomena, the ripple influence of MYSZ’s price trajectory provides a particularly vivid snapshot into market behaviors amidst the ebb and flow of speculation.

This is stock news, not investment advice. Timothy Sykes News delivers real-time stock market news focused on key catalysts driving short-term price movements. Our content is tailored for active traders and investors seeking to capitalize on rapid price fluctuations, particularly in volatile sectors like penny stocks. Readers come to us for detailed coverage on earnings reports, mergers, FDA approvals, new contracts, and unusual trading volumes that can trigger significant short-term price action. Some users utilize our news to explain sudden stock movements, while others rely on it for diligent research into potential investment opportunities.

Our traders will never trade any stock until they see a setup they like. Their strategy is to capture short-term momentum while avoiding undue risk exposure to a stock’s long-term volatility. This method is especially useful when trading penny stocks or other high-risk equities, where rapid gains can be made by understanding stock patterns, manipulation, and media hype. Whether you are an active day trader looking for key indicators on a stock’s next move, or an investor doing due diligence before entering a position, Timothy Sykes News is designed to help you make informed trading decisions.

Dive deeper into the world of trading with Timothy Sykes, renowned for his expertise in penny stocks. Explore his top picks and discover the strategies that have propelled him to success with these articles:

Once you’ve got some stocks on watch, elevate your trading game with StocksToTrade, the ultimate platform for traders. With specialized tools for swing and day trading, StocksToTrade will guide you through the market’s twists and turns.
Dig into StocksToTrade’s watchlists here:

How much has this post helped you?

(0 votes, average: 0 out of 5)
Leave a reply

* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”