Should Investors Trust The Upside Potential In SMX (Security Matters) Plc (SMX)?

SMX (Security Matters) Plc (NASDAQ:SMX) currently has a daily average trading volume of 23.88M but it saw 6785299 shares traded in last market. With a market cap of 2.91M USD, the company’s current market price of $0.34 came falling about -14.42 while comparing to the previous closing price of $0.39. In past 52 weeks, the stock remained buoying in the range of price level as high as $77.99 and as low as $0.18. In the recent trading on the day, stock has struck highest price mark of $0.3262 while lowest mark touched by it was $0.393.

Taking a look at 20-day trading activity of SMX (Security Matters) Plc (SMX) gives us an average price of $0.2806, while its current price level is -99.57% below from 52-week high level whereas it is 86.70% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.0322 while that of 200 days or SMA-200 reads an average of $6.5087. A closer look into the stock’s movement over the week reveals that its volatility is standing at 28.71% during that period while stretching the period over a month that increases to 31.12%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 41.06 which implies that the stock is in neutral territory.

Over the week, SMX’s stock price is moving 13.32% up while it is 19.17% when we observe its performance for the past one month. Year-to-date it is -99.37% down and over the past year, the stock is showing a downside performance of -99.55%.

Company’s return on investment (ROI) stands at 13.81%. It has a price to earnings ratio (P/E ratio) of 0.01. Stock’s beta reads -2.03. Stock has a price to book (P/B) ratio of 0.02. Its return on asset (ROA) is 4.61% on average.