Smith Micro Software, Inc. (NASDAQ:SMSI)’s traded shares stood at 0.75 million during the last session, with the company’s beta value hitting 0.70. At the close of trading, the stock’s price was $1.15, to imply an increase of 6.48% or $0.07 in intraday trading. The SMSI share’s 52-week high remains $10.64, putting it -825.22% down since that peak but still an impressive 54.78% since price per share fell to its 52-week low of $0.52. The company has a valuation of $12.70M, with an average of 0.72 million shares in intraday trading volume over the past 10 days and average of 3.70 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Smith Micro Software, Inc. (SMSI), translating to a mean rating of 1.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give SMSI a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.31.
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Smith Micro Software, Inc. (NASDAQ:SMSI) trade information
After registering a 6.48% upside in the last session, Smith Micro Software, Inc. (SMSI) has traded red over the past five days. The 5-day price performance for the stock is 11.65%, and 102.36% over 30 days. With these gigs, the year-to-date price performance is -82.60%. Short interest in Smith Micro Software, Inc. (NASDAQ:SMSI) saw shorts transact 0.76 million shares and set a 5.38 days time to cover.
Smith Micro Software, Inc. (SMSI) estimates and forecasts
Looking at statistics comparing Smith Micro Software, Inc. share performance against respective industry, we note that the company has underperformed competitors. Smith Micro Software, Inc. (SMSI) shares are -53.10% down over the last 6 months, with its year-to-date growth rate lower than industry average at -109.38% against 11.80%. Revenue is forecast to shrink -487.50% this quarter before falling -31.20% for the next one. The rating firms project that company’s revenue will shrink -47.20% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 4.77M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 5.87M.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -21.69% for the past 5-year period. While 2024 is set for a -109.38% return in earnings, projections for the next 5 years are at 10.75% annually.
SMSI Dividends
Smith Micro Software, Inc. has its next earnings report out on 2024-Nov-06. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Smith Micro Software, Inc. (NASDAQ:SMSI)’s Major holders
Smith Micro Software, Inc. insiders hold 7.43% of total outstanding shares, with institutional holders owning 12.62% of the shares at 13.63% float percentage. In total, 12.62% institutions holds shares in the company, led by JPMORGAN CHASE & CO.
