Moreover, the 36-month beta value for SMSI is 0.73. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SMSI is 9.60M and currently, short sellers hold a 1.24% of that float. On April 18, 2024, SMSI’s average trading volume was 54.93K shares.
SMSI) stock’s latest price update
The stock of Smith Micro Software, Inc. (NASDAQ: SMSI) has increased by 33.08 when compared to last closing price of 1.95. Despite this, the company has experienced a 9.96% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-05 that Smith Micro Software’s (SMSI) SafePath Global allows carriers to offer all the capabilities of the SafePath application swiftly to its customers.
SMSI’s Market Performance
Smith Micro Software, Inc. (SMSI) has experienced a 9.96% rise in stock performance for the past week, with a -6.33% drop in the past month, and a -57.66% drop in the past quarter. The volatility ratio for the week is 12.23%, and the volatility levels for the past 30 days are at 8.65% for SMSI. The simple moving average for the last 20 days is 3.14% for SMSI stock, with a simple moving average of -64.63% for the last 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 -28.87% 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 -82.65% of loss for the given period.
Volatility was left at 8.65%, however, over the last 30 days, the volatility rate increased by 12.23%, as shares sank -0.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -57.92% lower at present.
During the last 5 trading sessions, SMSI rose by +18.64%, which changed the moving average for the period of 200-days by -68.47% in comparison to the 20-day moving average, which settled at $2.5158. In addition, Smith Micro Software, Inc. saw -60.73% 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 0.52. 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
To wrap up, the performance of Smith Micro Software, Inc. (SMSI) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
