In the last trading session, 1.12 million shares of the Smith Micro Software, Inc (NASDAQ:SMSI) were traded, and its beta was 0.72. Most recently the company’s share price was $1.45, and it changed around -$0.17 or -10.49% from the last close, which brings the market valuation of the company to $23.02M. SMSI currently trades at a discount to its 52-week high of $7.52, offering almost -418.62% off that amount. The share price’s 52-week low was $0.52, which indicates that the current value has risen by an impressive 64.14% since then. We note from Smith Micro Software, Inc’s average daily trading volume that its 10-day average is 0.85 million shares, with the 3-month average coming to 330.96K.
Smith Micro Software, Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended SMSI as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Smith Micro Software, Inc is expected to report earnings per share of -0.11 for the current quarter.
Smith Micro Software, Inc (NASDAQ:SMSI) trade information
Instantly SMSI has showed a red trend with a performance of -10.49% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.6700 on recent trading dayincreased the stock’s daily price by 13.17%. The company’s shares are currently down -78.06% year-to-date, but still up 52.63% over the last five days. On the other hand, Smith Micro Software, Inc (NASDAQ:SMSI) is 75.48% up in the 30-day period. We can see from the shorts that 0.32 million shares have been sold at a short interest cover period of 1.11 day(s).
Smith Micro Software, Inc (SMSI) estimates and forecasts
Smith Micro Software, Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -34.39 percent over the past six months and at a -93.75% annual growth rate that is well below the industry average of 17.30%. The year-over-year growth rate is expected to be -49.35%, down from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 5.13M in revenue for the current quarter. 2 analysts expect Smith Micro Software, Inc to make 5.86M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 8.59M and 5.8M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -40.26%. Forecasts for the next quarter put sales growth at 1.13%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -21.69%. Smith Micro Software, Inc earnings are expected to increase by -93.75% in 2024, but the outlook is positive 10.75% per year for the next five years.
SMSI Dividends
Smith Micro Software, Inc’s next quarterly earnings report is expected to be released in January.
Smith Micro Software, Inc (NASDAQ:SMSI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 20.97% of Smith Micro Software, Inc shares, and 14.34% of them are in the hands of institutional investors. The stock currently has a share float of 18.14%.
