Smith Micro Software, Inc. (NASDAQ:SMSI) does about 98.50K shares in volume on a normal day but saw 6370543 shares change hands in the recent trading day. The company now has a market cap of 5.77M USD. Its current market price is $0.52, marking a decrease of -8.55% compared to the previous close of $0.57. The 52 week high reached by this stock is $11.04 whilst the lowest price level in 52 weeks is $0.52.
Smith Micro Software, Inc. (SMSI) has a 20-day trading average at $0.6212 and the current price is -95.26% off the 52-week high compared with 0.33% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.4261 and its 200-day simple moving average is $3.3740. If we look at the stock’s price movements over the week, volatility stands at 10.67%, which decreases to 9.96% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 20.85 to suggest the stock is oversold.
The consensus objective for the share price is $8.17, suggesting that the stock has a potential upside of 93.64% over the period.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on November 29, 2022 when The Benchmark Company initiated the stock to “Buy” and issued a price target of $5. The Benchmark Company initiated its price target at $9.
The current price level is -17.89%, -64.25%, and -84.61% away from its SMA20, SMA50, and SMA200 respectively, with the SMSI price moving above the 50-day SMA on current market day. Smith Micro Software, Inc. (SMSI) stock is down -6.44% over the week and -36.91% over the past month. Its price is -92.09% year-to-date and -95.16% over the past year.
To reach the target analysts have set, the stock logically needs to grow 93.64 percent from here.
The company has a return on investment of -110.84% and return on equity of -84.81%. The forward price to earnings ratio is 4.02. The beta has a value of 0.68. Price to book ratio is 0.13 and price to sales ratio is 0.19.
