The closing price of Smith Micro Software, Inc. (NASDAQ: SMSI) was $0.36 for the day, down -3.15% from the previous closing price of $0.37. In other words, the price has decreased by -$0.0117 from its previous closing price. On the day, 658520 shares were traded. SMSI stock price reached its highest trading level at $0.3895 during the session, while it also had its lowest trading level at $0.3487.
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 Jan 23 ’24 when SMITH WILLIAM W JR sold 6,952 shares for $0.77 per share. The transaction valued at 5,319 led to the insider holds 353,559 shares of the business.
Kempton James M sold 2,293 shares of SMSI for $1,754 on Jan 23 ’24. The VP, CFO and Treasurer now owns 234,664 shares after completing the transaction at $0.77 per share. On Dec 01 ’23, another insider, SMITH WILLIAM W JR, who serves as the President & CEO of the company, sold 17,660 shares for $0.67 each. As a result, the insider received 11,832 and left with 439,168 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 27.85M and an Enterprise Value of 23.99M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.66 while its Price-to-Book (P/B) ratio in mrq is 0.36. Its current Enterprise Value per Revenue stands at 0.59 whereas that against EBITDA is -2.29.
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 0.7240, while the 200-Day Moving Average is calculated to be 1.0316.
Shares Statistics:
SMSI traded an average of 397.88K shares per day over the past three months and 725.49k shares per day over the past ten days. A total of 74.78M shares are outstanding, with a floating share count of 66.42M. Insiders hold about 11.36% of the company’s shares, while institutions hold 13.26% stake in the company. Shares short for SMSI as of Feb 15, 2024 were 1.32M with a Short Ratio of 3.31, compared to 1.73M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.76% and a Short% of Float of 1.94%.
Earnings Estimates
The firm’s stock currently is rated by 2 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 and -$0.18 for the fiscal current year, implying an average EPS of -$0.08. EPS for the following year is $0.15, with 1 analysts recommending between $0.15 and $0.15.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. It ranges from a high estimate of $6.12M to a low estimate of $5.69M. As of the current estimate, Smith Micro Software, Inc.’s year-ago sales were $10.93M, an estimated decrease of -46.70% 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 $33.74M, while the lowest revenue estimate was $29.12M, resulting in an average revenue estimate of $30.87M. In the same quarter a year ago, actual revenue was $40.86M, down -24.50% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $53.05M in the next fiscal year. The high estimate is $56.35M and the low estimate is $49.81M. The average revenue growth estimate for next year is up 71.80% from the average revenue estimate for this year.
