Currently, there are 11.04M common shares owned by the public and among those 9.90M shares have been available to trade.
The company’s stock has a 5-day price change of -6.44% and -76.76% over the past three months. SMSI shares are trading -92.09% year to date (YTD), with the 12-month market performance down to -95.16% lower. It has a 12-month low price of $0.52 and touched a high of $11.04 over the same period. SMSI has an average intraday trading volume of 98.50K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -17.89%, -64.25%, and -84.61% respectively.
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Institutional ownership of Smith Micro Software, Inc. (NASDAQ: SMSI) shares accounts for 15.99% of the company’s 11.04M shares outstanding.
It has a market capitalization of $5.77M and a beta (3y monthly) value of 0.68. The earnings-per-share (ttm) stands at -$5.28. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.67% over the week and 9.96% over the month.
Earnings per share for the fiscal year are expected to decrease by -109.38%, and 109.70% over the next financial year. EPS should grow at an annualized rate of 10.75% over the next five years, compared to -21.69% over the past 5-year period.
Looking at the support for the SMSI, a number of firms have released research notes about the stock. The Benchmark Company stated their Buy rating for the stock in a research note on November 29, 2022, with the firm’s price target at $5. Dawson James coverage for the Smith Micro Software, Inc. (SMSI) stock in a research note released on August 05, 2021 offered a Buy rating with a price target of $11.10. The Benchmark Company was of a view on April 27, 2021 that the stock is Buy, while Lake Street gave the stock Buy rating on October 19, 2020, issuing a price target of $7. B. Riley FBR on their part issued Buy rating on July 19, 2019.
