Smith Micro Software, Inc (NASDAQ:SMSI) has a beta value of 0.78 and has seen 1.0 million shares traded in the last trading session. The company, currently valued at $17.69M, closed the last trade at $1.00 per share which meant it gained $0.12 on the day or 13.95% during that session. The SMSI stock price is -652.0% off its 52-week high price of $7.52 and 48.0% above the 52-week low of $0.52. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.22 million shares traded. The 3-month trading volume is 3.63 million shares.
The consensus among analysts is that Smith Micro Software, Inc (SMSI) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.11.
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Smith Micro Software, Inc (NASDAQ:SMSI) trade information
Sporting 13.95% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the SMSI stock price touched $1.00 or saw a rise of 7.41%. Year-to-date, Smith Micro Software, Inc shares have moved -84.91%, while the 5-day performance has seen it change 34.51%. Over the past 30 days, the shares of Smith Micro Software, Inc (NASDAQ:SMSI) have changed 23.10%. Short interest in the company has seen 0.32 million shares shorted with days to cover at 1.11.
Smith Micro Software, Inc (SMSI) estimates and forecasts
Figures show that Smith Micro Software, Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -55.68% over the past 6 months, with this year growth rate of -93.75%, compared to 17.30% for the industry. Revenue growth from the last financial year stood is estimated to be -49.35%.
3 analysts offering their estimates for the company have set an average revenue estimate of 5.13M for the current quarter. 2 have an estimated revenue figure of 5.86M for the next ending quarter. Year-ago sales stood 8.59M and 5.8M respectively for this quarter and the next, and analysts expect sales will shrink by -40.26% for the current quarter and -49.35% for the next.
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 -21.69% over the past 5 years. Earnings growth for 2024 is a modest -93.75% while over the next 5 years, the company’s earnings are expected to increase by 10.75%.
SMSI Dividends
Smith Micro Software, Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Smith Micro Software, Inc (NASDAQ:SMSI)’s Major holders
Insiders own 20.97% of the company shares, while shares held by institutions stand at 14.34% with a share float percentage of 18.14%. Investors are also buoyed by the number of investors in a company, with Smith Micro Software, Inc having a total of 32.0 institutions that hold shares in the company.
Also the top two Mutual Funds that are holding company’s shares are RBB Fund Inc.-Adara Smaller Companies Fund and Vanguard Extended Market Index Fund . As of Oct 31, 2024 , the former fund manager holds about 0.50% shares in the company for having 88.85 shares of worth $88592.0 while later fund manager owns 88.31 shares of worth $88048.0 as of Sep 30, 2024 , which makes it owner of about 0.50% of company’s outstanding stock.
