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Is My Size a Good Software Stock to Own? -Breaking

by Mike Robinson

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© Reuters. What is My Size worth?

My Size (MYSZ), an innovative solution to measure the shipping and fashion industry, is available. MYSZ, which is a member of the software solutions sector, has seen opportunities due to rapid digitization and changes in consumer preferences. But given the company’s declining revenues and uncertain growth prospects, is it worth betting on the stock now? Continue reading to learn more. Based in Israel, My Size Inc. has developed a cutting-edge measuring technology. This technology is used in a wide range of industries including fashion, e-commerce shipping and parcel delivery. MYSZ’s stock has declined 15.6% in price year-to-date and 12.5% over the past month to close its last trading session at $1.19.

MYSZ, despite the opportunities that digital technology offers for its competitors, has not been able to take advantage of these tailwinds. It has yet to make any revenue from the company’s innovative measurement technology. Furthermore, the company’s inability to generate sufficient cash flows to fund its business operations could cause its share price to retreat in the near term.

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