Smith Micro Software, Inc. (SMSI) concluded trading on Thursday at a closing price of $2.22, with 5.48 million shares of worth about $12.18 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -76.63% during that period and on April 18, 2024 the price saw a gain of about 14.10%. Currently the company’s common shares owned by public are about 9.60M shares, out of which, 9.60M shares are available for trading.
Stock saw a price change of -5.72% in past 5 days and over the past one month there was a price change of -19.69%. Year-to-date (YTD), SMSI shares are showing a performance of -66.33% which decreased to -78.10% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.88 but also hit the highest price of $14.96 during that period. The average intraday trading volume for Smith Micro Software, Inc. shares is 54.93K. The stock is currently trading -11.57% below its 20-day simple moving average (SMA20), while that difference is down -39.02% for SMA50 and it goes to -69.68% lower than SMA200.
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Smith Micro Software, Inc. (NASDAQ: SMSI) currently have 9.60M outstanding shares and institutions hold larger chunk of about 12.94% of that.
The stock has a current market capitalization of $21.36M and its 3Y-monthly beta is at 0.73. It has posted earnings per share of -$2.97 in the same period. It has Quick Ratio of 2.21 while making debt-to-equity ratio of 0.04. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SMSI, volatility over the week remained 21.62% while standing at 11.19% over the month.
Analysts are in expectations that Smith Micro Software, Inc. (SMSI) stock would likely to be making an EPS of $Semiconductor Manufacturing In in the current quarter, while forecast for next quarter EPS is $50.01 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Motorola Solutions, Inc. which is $Smith Micro Software, Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $American Century Short Duration in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -50.00% while it is estimated to increase by 225.00% in next year. EPS is likely to grow at an annualized rate of 10.75% for next 5-years, compared to annual growth of -21.69% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by The Benchmark Company on November 29, 2022 offering a Buy rating for the stock and assigned a target price of $5 to it. Coverage by Dawson James stated Smith Micro Software, Inc. (SMSI) stock as a Buy in their note to investors on August 05, 2021, suggesting a price target of $11.10 for the stock. On April 27, 2021, The Benchmark Company Initiated their recommendations, while on October 19, 2020, Lake Street Initiated their ratings for the stock with a price target of $7. Stock get a Buy rating from B. Riley FBR on July 19, 2019.
