A new trading day began on Friday, with Smith Micro Software, Inc. (NASDAQ: SMSI) stock price up 3.21% from the previous day of trading, before settling in for the closing price of $0.60. SMSI’s price has ranged from $0.58 to $14.96 over the past 52 weeks.
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Annual sales at Technology sector company grew by 12.88% over the past five years. Meanwhile, its annual earnings per share averaged -109.38%. With a float of $9.86 million, this company’s outstanding shares have now reached $11.04 million.
Let’s look at the performance matrix of the company that is accounted for 231 employees. In terms of profitability, gross margin is 53.48%, operating margin of -72.57%, and the pretax margin is -162.43%.
Smith Micro Software, Inc. (SMSI) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of Smith Micro Software, Inc. is 10.64%, while institutional ownership is 15.99%. The most recent insider transaction that took place on Mar 13 ’24, was worth 1,681. In this transaction VP, CFO and Treasurer of this company sold 4,804 shares at a rate of $0.35, taking the stock ownership to the 407,973 shares. Before that another transaction happened on Mar 13 ’24, when Company’s President & CEO sold 11,651 for $0.35, making the entire transaction worth $4,078. This insider now owns 673,262 shares in total.
Smith Micro Software, Inc. (SMSI) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -109.38% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.75% during the next five years compared to -21.69% drop over the previous five years of trading.
Smith Micro Software, Inc. (NASDAQ: SMSI) Trading Performance Indicators
Here are Smith Micro Software, Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.53. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.22.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -5.28, a number that is poised to hit -0.31 in the next quarter and is forecasted to reach 0.13 in one year’s time.
Technical Analysis of Smith Micro Software, Inc. (SMSI)
Smith Micro Software, Inc. (NASDAQ: SMSI) saw its 5-day average volume 0.1 million, a negative change from its year-to-date volume of 0.11 million. As of the previous 9 days, the stock’s Stochastic %D was 8.76%. Additionally, its Average True Range was 0.11.
During the past 100 days, Smith Micro Software, Inc.’s (SMSI) raw stochastic average was set at 1.37%, which indicates a significant decrease from 11.05% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 95.65% in the past 14 days, which was lower than the 116.96% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.7602, while its 200-day Moving Average is $3.6404. Nevertheless, the first resistance level for the watch stands at $0.6423 in the near term. At $0.6664, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.6926. If the price goes on to break the first support level at $0.5920, it is likely to go to the next support level at $0.5658. Assuming the price breaks the second support level, the third support level stands at $0.5417.
Smith Micro Software, Inc. (NASDAQ: SMSI) Key Stats
With a market capitalization of 6.82 million, the company has a total of 9,602K Shares Outstanding. Currently, annual sales are 40,860 K while annual income is -24,400 K. The company’s previous quarter sales were 5,140 K while its latest quarter income was -6,930 K.
