In the latest trading session, 0.38 million Smith Micro Software, Inc (NASDAQ:SMSI) shares changed hands as the company’s beta touched 0.71. With the company’s most recent per share price at $1.24 changed hands at -$0.02 or -1.98% at last look, the market valuation stands at $21.91M. SMSI’s current price is a discount, trading about -506.45% off its 52-week high of $7.52. The share price had its 52-week low at $0.52, which suggests the last value was 58.06% up since then. When we look at Smith Micro Software, Inc’s average trading volume, we note the 10-day average is 0.49 million shares, with the 3-month average coming to 306.94K.
Analysts gave the Smith Micro Software, Inc (SMSI) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended SMSI as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Smith Micro Software, Inc’s EPS for the current quarter is expected to be -0.11.
Smith Micro Software, Inc (NASDAQ:SMSI) trade information
Instantly SMSI was in red as seen in intraday trades today. With action 23.86%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -81.31%, with the 5-day performance at 23.86% in the green. However, in the 30-day time frame, Smith Micro Software, Inc (NASDAQ:SMSI) is 62.05% up. Looking at the short shares, we see there were 0.32 million shares sold at short interest cover period of 1.11 days.
Smith Micro Software, Inc (SMSI) estimates and forecasts
Data shows that the Smith Micro Software, Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -44.62% over the past 6 months, a -93.75% in annual growth rate that is considerably lower than the industry average of 17.30%. Year-over-year growth is forecast to reach -49.35% down from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 5.13M. 2 analysts are of the opinion that Smith Micro Software, Inc’s revenue for the current quarter will be 5.86M. The company’s revenue for the corresponding quarters a year ago was 8.59M and 5.8M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -40.26%. The estimates for the next quarter sales put growth at 1.13%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -21.69%. The 2024 estimates are for Smith Micro Software, Inc earnings to decrease by -93.75%, but the outlook for the next 5-year period is at 10.75% per year.
SMSI Dividends
Smith Micro Software, Inc is expected to release its next quarterly earnings report in January.
Smith Micro Software, Inc (NASDAQ:SMSI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 20.97% of Smith Micro Software, Inc shares while 14.34% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 18.14%.
BANK OF AMERICA CORP /DE/ holds the second largest percentage of outstanding shares.
Among Mutual Funds, the top two as of Oct 31, 2024 were RBB Fund Inc.-Adara Smaller Companies Fund and Vanguard Extended Market Index Fund. With 88.85 shares estimated at $0.11 million under it, the former controlled 0.50% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 0.50% of the shares, roughly 88.31 shares worth around $0.11 million.
