My Size (MYSZ) offers an innovative measurement solution for the fashion and shipping industry. Rapid digitization and changing consumer preferences have generated opportunities for the software solutions industry, to which MYSZ belongs. But given the company’s declining revenues and uncertain growth prospects, is it worth betting on the stock now? Read more to find out.Headquartered in Israel, My Size Inc. (MYSZ) has created a unique measuring technology based on advanced algorithms and cutting-edge technology that has a broad array of applications in fashion, e-commerce, DIY, shipping, and package delivery industries. 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.
Although the emergence of digital technology has generated opportunities for many of its peers, MYSZ has failed to benefit from the tailwinds. The company is yet to generate revenue or profits from its innovative measuring 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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