In yesterday’s Wall Street session, Smith Micro Software, Inc. (NASDAQ:SMSI) shares traded at $1.14, up 117.97% from the previous session.
SMSI stock price is now -20.06% away from the 50-day moving average and -66.21% away from the 200-day moving average. The market capitalization of the company currently stands at $12.59M.
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With the price target of $5, The Benchmark Company recently initiated with Buy rating for Smith Micro Software, Inc. (NASDAQ: SMSI). On August 05, 2021, Dawson James recently initiated its ‘Buy’ rating on the stock quoting a target price of $11.10, while ‘The Benchmark Company’ rates the stock as ‘Buy’
In other news, Kempton James M, VP, CFO and Treasurer sold 4,804 shares of the company’s stock on Mar 13 ’24. The stock was sold for $1,681 at an average price of $0.35. Upon completion of the transaction, the VP, CFO and Treasurer now directly owns 407,973 shares in the company, valued at $0.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 13 ’24, President & CEO SMITH WILLIAM W JR sold 11,651 shares of the business’s stock. A total of $4,078 was realized by selling the stock at an average price of $0.35. This leaves the insider owning 673,262 shares of the company worth $0.77 million. A total of 10.25% of the company’s stock is owned by insiders.
During the past 12 months, Smith Micro Software, Inc. has had a low of $0.52 and a high of $10.72. As of last week, the company has a debt-to-equity ratio of 0.08, a current ratio of 1.53, and a quick ratio of 1.53. The fifty day moving average price for SMSI is $1.4042 and a two-hundred day moving average price translates $3.35505 for the stock.
The latest earnings results from Smith Micro Software, Inc. (NASDAQ: SMSI) was released for 2024-06-30. The net profit margin was -163.04% and return on equity was -84.81% for SMSI. The company reported revenue of $5.14 million for the quarter, compared to $10.34 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -50.28 percent. For the current quarter, analysts expect SMSI to generate $4.77M in revenue.
