Smith Micro Software, Inc. (NASDAQ: SMSI) kicked off on Monday, down -8.55% from the previous trading daybefore settling in for the closing price of $0.57. Over the past 52 weeks, SMSI has traded in a range of $0.52-$11.04.
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During the last 5-year period, the sales growth of Technology Sector giant was 12.88%. While this was happening, its average annual earnings per share was recorded -109.38%. With a float of $9.90 million, this company’s outstanding shares have now reached $11.04 million.
Let’s determine the extent of company efficiency that accounts 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 Activity
Our next focus will be how large-scale investors are participating in this stock of the Software – Application Industry. The insider ownership of Smith Micro Software, Inc. is 10.25%, 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) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0.08 earnings per share (EPS), higher than consensus estimate (set at 0.03) by 0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.21 per share during the current fiscal year.
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
Take a look at Smith Micro Software, Inc.’s (SMSI) current performance indicators. Last quarter, 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 0.19.
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)
Looking closely at Smith Micro Software, Inc. (NASDAQ: SMSI), its last 5-days average volume was 2.17 million, which is a jump from its year-to-date volume of 0.17 million. As of the previous 9 days, the stock’s Stochastic %D was 33.58%. Additionally, its Average True Range was 0.08.
During the past 100 days, Smith Micro Software, Inc.’s (SMSI) raw stochastic average was set at 0.12%, which indicates a significant decrease from 2.22% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 59.20% in the past 14 days, which was lower than the 114.25% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.4261, while its 200-day Moving Average is $3.3740. However, in the short run, Smith Micro Software, Inc.’s stock first resistance to watch stands at $0.5740. Second resistance stands at $0.6249. The third major resistance level sits at $0.6519. If the price goes on to break the first support level at $0.4961, it is likely to go to the next support level at $0.4691. Should the price break the second support level, the third support level stands at $0.4182.
Smith Micro Software, Inc. (NASDAQ: SMSI) Key Stats
The company with the Market Capitalisation of 5.77 million has total of 9,602K Shares Outstanding. Its annual sales at the moment are 40,860 K in contrast with the sum of -24,400 K annual income. Company’s last quarter sales were recorded 5,140 K and last quarter income was -6,930 K.
