SMX (Security Matters) Plc (SMX) Analysis & Forecast for 2024

SMX (Security Matters) Plc (NASDAQ: SMX) is -99.43% lower on its value in year-to-date trading and has touched a low of $0.18 and a high of $72.75 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 SMX stock was last observed hovering at around $0.30 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $0.30, the stock is 4.70% and -65.91% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.77 million and changing 1.28% at the moment leaves the stock -95.20% off its SMA200. SMX registered -99.59% loss for a year compared to 6-month loss of -96.62%. The firm has a 50-day simple moving average (SMA 50) of $0.92842 and a 200-day simple moving average (SMA200) of $6.3616.

The stock witnessed a 18.32% gain in the last 1 month and extending the period to 3 months gives it a -91.26%, and is -13.43% 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 32.71% over the week and 35.16% over the month.

SMX (Security Matters) Plc (SMX) has around 72 employees, a market worth around $2.61M and $0.00M in sales. Current P/E ratio is 0.00. Distance from 52-week low is 67.09% and -99.59% from its 52-week high. The company has generated returns on investments over the last 12 months (13.81%).