The stock price of Smith Micro Software, Inc. (NASDAQ: SMSI) has jumped by 6.85 compared to previous close of 0.33. Despite this, the company has seen a fall of -3.20% in its stock price over the last five trading days. InvestorPlace reported 2024-01-30 that Before we dive into the wild world of tech penny stocks, we’ve got to acknowledge some housekeeping notes. First, we’re dealing with one of the most speculative arenas in the equities space.
Is It Worth Investing in Smith Micro Software, Inc. (NASDAQ: SMSI) Right Now?
The 36-month beta value for SMSI is at 0.65. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SMSI is 66.46M, and currently, shorts hold a 1.49% of that float. The average trading volume for SMSI on April 03, 2024 was 400.62K shares.
SMSI’s Market Performance
SMSI stock saw a decrease of -3.20% in the past week, with a monthly decline of -11.45% and a quarterly a decrease of -57.11%. The volatility ratio for the week is 8.25%, and the volatility levels for the last 30 days are 8.34% for Smith Micro Software, Inc. (SMSI). The simple moving average for the past 20 days is -0.81% for SMSI’s stock, with a -63.34% simple moving average for the past 200 days.
Analysts’ Opinion of SMSI
Many brokerage firms have already submitted their reports for SMSI stocks, with The Benchmark Company repeating the rating for SMSI by listing it as a “Buy.” The predicted price for SMSI in the upcoming period, according to The Benchmark Company is $5 based on the research report published on November 29, 2022 of the previous year 2022.
Dawson James, on the other hand, stated in their research note that they expect to see SMSI reach a price target of $11.10. The rating they have provided for SMSI stocks is “Buy” according to the report published on August 05th, 2021.
The Benchmark Company gave a rating of “Buy” to SMSI, setting the target price at $9 in the report published on April 27th of the previous year.
SMSI Trading at -39.33% from the 50-Day Moving Average
After a stumble in the market that brought SMSI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -81.05% of loss for the given period.
Volatility was left at 8.34%, however, over the last 30 days, the volatility rate increased by 8.25%, as shares sank -14.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -54.14% lower at present.
During the last 5 trading sessions, SMSI fell by -3.20%, which changed the moving average for the period of 200-days by -68.08% in comparison to the 20-day moving average, which settled at $0.3542. In addition, Smith Micro Software, Inc. saw -57.11% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SMSI starting from SMITH WILLIAM W JR, who sale 11,651 shares at the price of $0.35 back on Mar 13 ’24. After this action, SMITH WILLIAM W JR now owns 673,262 shares of Smith Micro Software, Inc., valued at $4,078 using the latest closing price.
Kempton James M, the VP, CFO and Treasurer of Smith Micro Software, Inc., sale 4,804 shares at $0.35 during a trade that took place back on Mar 13 ’24, which means that Kempton James M is holding 407,973 shares at $1,681 based on the most recent closing price.
Stock Fundamentals for SMSI
Current profitability levels for the company are sitting at:
- -0.44 for the present operating margin
- 0.68 for the gross margin
The net margin for Smith Micro Software, Inc. stands at -0.6. The total capital return value is set at -0.23. Equity return is now at value -32.15, with -25.79 for asset returns.
Based on Smith Micro Software, Inc. (SMSI), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at -2.14. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is 7.99.
Currently, EBITDA for the company is -10.66 million with net debt to EBITDA at 0.31. When we switch over and look at the enterprise to sales, we see a ratio of 0.56. The receivables turnover for the company is 5.16for trailing twelve months and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.21.
Conclusion
In conclusion, Smith Micro Software, Inc. (SMSI) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
