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The closing price of Smith Micro Software, Inc. (NASDAQ: SMSI) was $2.22 for the day, up 14.10% from the previous closing price of $1.95. In other words, the price has increased by $14.10 from its previous closing price. On the day, 5.48 million shares were traded. SMSI stock price reached its highest trading level at $3.21 during the session, while it also had its lowest trading level at $1.96.
Ratios:
Our analysis of SMSI’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.21 and its Current Ratio is at 2.21. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.02.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, The Benchmark Company on November 29, 2022, initiated with a Buy rating and assigned the stock a target price of $5.
On August 05, 2021, Dawson James started tracking the stock assigning a Buy rating and target price of $11.10.
On April 27, 2021, The Benchmark Company started tracking the stock assigning a Buy rating and target price of $9.The Benchmark Company initiated its Buy rating on April 27, 2021, with a $9 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 13 ’24 when SMITH WILLIAM W JR sold 11,651 shares for $0.35 per share. The transaction valued at 4,078 led to the insider holds 673,262 shares of the business.
Kempton James M sold 4,804 shares of SMSI for $1,681 on Mar 13 ’24. The VP, CFO and Treasurer now owns 407,973 shares after completing the transaction at $0.35 per share. On Jan 23 ’24, another insider, SMITH WILLIAM W JR, who serves as the President & CEO of the company, sold 6,952 shares for $0.77 each. As a result, the insider received 5,319 and left with 353,559 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SMSI now has a Market Capitalization of 21361468 and an Enterprise Value of 16979548. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.52 while its Price-to-Book (P/B) ratio in mrq is 0.28. Its current Enterprise Value per Revenue stands at 0.416 whereas that against EBITDA is -1.593.
Stock Price History:
Over the past 52 weeks, SMSI has reached a high of $14.96, while it has fallen to a 52-week low of $1.88. The 50-Day Moving Average of the stock is -39.02%, while the 200-Day Moving Average is calculated to be -69.68%.
Shares Statistics:
SMSI traded an average of 54.93K shares per day over the past three months and 606230 shares per day over the past ten days. A total of 9.60M shares are outstanding, with a floating share count of 9.60M. Insiders hold about 0.00% of the company’s shares, while institutions hold 12.94% stake in the company. Shares short for SMSI as of 1711584000 were 118584 with a Short Ratio of 2.16, compared to 1709164800 on 76093. Therefore, it implies a Short% of Shares Outstanding of 118584 and a Short% of Float of 1.3599999999999999.
Earnings Estimates
The stock of Smith Micro Software, Inc. (SMSI) is currently in the spotlight, with Super Micro Computer, Inc. analysts actively rating and assessing its market standing.The consensus estimate for the next quarter is $50.01, with high estimates of $2.23 and low estimates of $339.46.
Analysts are recommending an EPS of between $Technology and $Technology for the fiscal current year, implying an average EPS of $Technology.
