After finishing at $0.31 in the prior trading day, Smith Micro Software, Inc. (NASDAQ: SMSI) closed at $0.30, down -1.24%. In other words, the price has decreased by -$0.0038 from its previous closing price. On the day, 569091 shares were traded.
Ratios:
Our goal is to gain a better understanding of SMSI by taking a closer look at its different ratios. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 23.21M and an Enterprise Value of 19.35M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.55 while its Price-to-Book (P/B) ratio in mrq is 0.30. Its current Enterprise Value per Revenue stands at 0.47 whereas that against EBITDA is -1.84.
Stock Price History:
Over the past 52 weeks, SMSI has reached a high of $1.87, while it has fallen to a 52-week low of $0.30. The 50-Day Moving Average of the stock is 4.0380, while the 200-Day Moving Average is calculated to be 7.4336.
Shares Statistics:
The stock has traded on average 410.28K shares per day over the past 3-months and 43.72k shares per day over the last 10 days, according to various share statistics. A total of 74.78M shares are outstanding, with a floating share count of 66.46M. Insiders hold about 11.31% of the company’s shares, while institutions hold 13.26% stake in the company. Shares short for SMSI as of Mar 28, 2024 were 118.58k with a Short Ratio of 2.31, compared to 76.09k on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.23% and a Short% of Float of 1.36%.
Earnings Estimates
Its stock is currently analyzed by 2 different market analysts. On average, analysts expect EPS of -$0.05 for the current quarter, with a high estimate of -$0.03 and a low estimate of -$0.07, while EPS last year was -$0.06. The consensus estimate for the next quarter is -$0.04, with high estimates of -$0.03 and low estimates of -$0.06.
Analysts are recommending an EPS of between -$0.06 and -$0.18 for the fiscal current year, implying an average EPS of -$0.12. EPS for the following year is $0.15, with 1 analysts recommending between $0.15 and $0.15.
Revenue Estimates
4 analysts predict $5.71M in revenue for the current quarter. It ranges from a high estimate of $5.8M to a low estimate of $5.65M. As of the current estimate, Smith Micro Software, Inc.’s year-ago sales were $10.93M, an estimated decrease of -47.80% from the year-ago figure.
A total of 4 analysts have provided revenue estimates for SMSI’s current fiscal year. The highest revenue estimate was $30.8M, while the lowest revenue estimate was $29.84M, resulting in an average revenue estimate of $30.29M. In the same quarter a year ago, actual revenue was $40.86M, down -25.90% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $51M in the next fiscal year. The high estimate is $53M and the low estimate is $49.81M. The average revenue growth estimate for next year is up 68.40% from the average revenue estimate for this year.
