Investor Confidence Dwindles After SmartKem Inc. (NASDAQ: SMTK) Shares Gain By About 0.62

SmartKem Inc (NASDAQ:SMTK) has seen 2.01 million shares traded in the recent trading session. The company, currently valued at $7.02M, closed the recent trade at $3.82 per share which meant it gained $0.62 on the day or 19.37% during that session. The SMTK stock price is -397.38% off its 52-week high price of $19.00 and 54.19% above the 52-week low of $1.75. If we look at the company’s 10-day average daily trading volume, we find that it stood at 31430.0 shares traded. The 3-month trading volume is 23.52K shares.

SmartKem Inc (NASDAQ:SMTK) trade information

Sporting 19.37% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the SMTK stock price touched $3.82 or saw a rise of 19.58%. Year-to-date, SmartKem Inc shares have moved -32.98%, while the 5-day performance has seen it change 77.67%. Over the past 30 days, the shares of SmartKem Inc (NASDAQ:SMTK) have changed 54.66%. Short interest in the company has seen 9840.0 shares shorted with days to cover at 0.43.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

SmartKem Inc (SMTK) estimates and forecasts

The company’s shares have lost -66.64% over the past 6 months.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -105.96% over the past 5 years.

SMTK Dividends

SmartKem Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

SmartKem Inc (NASDAQ:SMTK)’s Major holders

Insiders own 30.17% of the company shares, while shares held by institutions stand at 26.18% with a share float percentage of 37.49%. Investors are also buoyed by the number of investors in a company, with SmartKem Inc having a total of 6.0 institutions that hold shares in the company.