Smith Micro Software Inc. (NASDAQ:SMSI) finished Wednesday with an addition of $0.13 to close at $1.38, an upside of 10.40 percent. An average of 335,850 shares of common stock have been traded in the last five days. There was a gain of $0.2800 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 289,017 shares traded, while the 50-day average volume stands at 264,807.
SMSI stock has increased by 22.12% in the last month. The company shares reached their 1-month lowest point of $1.0900 on 08/04/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $0.95 and a high of $3.47 in 52 weeks. It has reached a new high 11 times so far this year and lost -34.29% or -$0.6900 in price. In spite of this, the price is down -60.23% from the 52-week high.
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Valuation Metrics
Smith Micro Software Inc. (SMSI) stock’s beta is 0.96. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.90, the price-to-book (PB) ratio at 1.15.
Financial Health
The quick ratio of Smith Micro Software Inc. for the three months ended June 29 was 1.10, and the current ratio was 1.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.13 for the quarter ending June 29. Smith Micro Software Inc.’s EBITDA margin for the year ending June 29 is -45.82%, while its operating margin for the same period stands at -67.50%. Its gross profit as reported stood at $34.3 million compared to revenue of $48.51 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Smith Micro Software Inc.’s return on assets was -28.30%.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$6.89 million in the quarter, while revenues of -$7.97 million were shrunk -1.6%. The analyst consensus anticipated Smith Micro Software Inc.’s latest quarter earnings to come in at -$0.01 per share, but it turned out to be -$0.01, a 0.00% surprise. For the quarter, EBITDA amounted to -$3.12 million. Shareholders own equity worth $62.2 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Smith Micro Software Inc. (SMSI) price momentum. RSI 9-day as of the close on 09 August was 81.44%, suggesting the stock is Overbought, with historical volatility in this time frame at 70.05%.
As of today, SMSI’s price is $1.2200 +24.78% or $0.2800 from its 5-day moving average. SMSI is currently trading +17.50% higher than its 20-day SMA and +36.89% higher than its 100-day SMA. However, the stock’s current price level is +15.57% above the SMA50 and -30.88% below the SMA200.
The stochastic %K and %D were 79.63% and 58.21%, respectively, and the average true range (ATR) was 0.0802. With the 14-day stochastic at 88.89% and the average true range at 0.0743, the RSI (14) stands at 73.33%. The stock has reached 0.0906 on the 9-day MACD Oscillator while the 14-day reading was at 0.0930.
Analyst Ratings
The Benchmark Company launched coverage on Smith Micro Software Inc. (NASDAQ: SMSI) in its analyst report released on November 29, 2022. The firm assigned the stock a Buy rating.
