Smith Micro Software, Inc. (NASDAQ: SMSI) is -58.32% lower on its value in year-to-date trading and has touched a low of $0.30 and a high of $1.87 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SMSI stock was last observed hovering at around $0.34 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $0.34, the stock is -5.01% and -42.78% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.17 million and changing 2.78% at the moment leaves the stock -64.67% off its SMA200. SMSI registered -65.57% loss for a year compared to 6-month loss of -69.53%. The firm has a 50-day simple moving average (SMA 50) of $0.55 and a 200-day simple moving average (SMA200) of -$2.15.
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The stock witnessed a -19.93% gain in the last 1 month and extending the period to 3 months gives it a -59.06%, and is -0.84% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.32% over the week and 10.26% over the month.
Smith Micro Software, Inc. (SMSI) has around 231 employees, a market worth around $25.80M and $40.86M in sales. Fwd P/E is 2.30. Profit margin for the company is -59.70%. Distance from 52-week low is 14.77% and -81.59% from its 52-week high. The company has generated returns on investments over the last 12 months (-31.61%).
Smith Micro Software, Inc. quarterly earnings per share for the current quarter are estimated at -$0.05 with sales reaching $5.71M over the same period.The EPS is expected to shrink by -58.33% this year, but quarterly earnings will post -26.50% year-over-year. Quarterly sales are estimated to shrink -47.80% in year-over-year returns.
57 institutions hold shares in Smith Micro Software, Inc. (SMSI), with institutional investors hold 16.05% of the company’s shares. The shares outstanding are 74.78M, and float is at 66.46M with Short Float at 1.49%. Institutions hold 14.33% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 2.75 million shares valued at $3.06 million. The investor’s holdings represent 4.12% of the SMSI Shares outstanding. As of Jun 29, 2023, the second largest holder is Pacific Ridge Capital Partners, LLC with 1.99 million shares valued at $2.21 million to account for 2.98% of the shares outstanding. The other top investors are Renaissance Technologies, LLC which holds 0.6 million shares representing 0.90% and valued at over $0.67 million, while Geode Capital Management, LLC holds 0.89% of the shares totaling 0.59 million with a market value of $0.66 million.
Smith Micro Software, Inc. (SMSI) Insider Activity
The most recent transaction is an insider sale by SMITH WILLIAM W JR, the company’s President & CEO. SEC filings show that SMITH WILLIAM W JR sold 11,651 shares of the company’s common stock on Mar 13 ’24 at a price of $0.35 per share for a total of $4078.0. Following the sale, the insider now owns 0.67 million shares.
Smith Micro Software, Inc. disclosed in a document filed with the SEC on Mar 13 ’24 that Kempton James M (VP, CFO and Treasurer) sold a total of 4,804 shares of the company’s common stock. The trade occurred on Mar 13 ’24 and was made at $0.35 per share for $1681.0. Following the transaction, the insider now directly holds 0.41 million shares of the SMSI stock.
Still, SEC filings show that on Jan 23 ’24, SMITH WILLIAM W JR (President & CEO) disposed off 6,952 shares at an average price of $0.77 for $5319.0. The insider now directly holds 353,559 shares of Smith Micro Software, Inc. (SMSI).
