As of Wednesday close, Smith Micro Software Inc.’s (NASDAQ:SMSI) stock was up $0.1, moving up 6.10 percent to $1.74. The average number of shares traded per day over the past five days has been 659,400 shares. 4 times new highs have been achieved over the past 5 days, with a $0.2500 gain in that time frame. In the last twenty days, the average volume was 551,215, while in the previous 50 days, it was 373,296.
Since last month, SMSI stock rose 52.63%. Shares of the company fell to $1.0900 on 08/04/23, the lowest level in the past month. A 52-week high of $3.47 was reached on 02/02/23 after having rallying from a 52-week low of $0.95. Since the beginning of this year, SMSI’s stock price has dropped by -17.14% or -$0.3600, and marked a new high 11 times. However, the stock has declined by -49.86% since its 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
SMSI stock investors should be aware that Smith Micro Software Inc. (SMSI) stock had its last reported insider trading activity 78 days ago on Jun 14. Kempton James M, the VP, CFO and Treasurer of the company, purchased of 1,000 shares for $1.19 on Jun 14. It resulted in a $1,190 investment by the insider. Sharma Chetan added 1,000 shares at an average price of $2.70 on Sep 16. The insider now owns 19,082 shares following the transaction. On Sep 14, President & CEO SMITH WILLIAM W JR bought 5,000 shares at $2.59 apiece. The transaction was valued at $12,955.
Valuation Metrics
The stock’s beta is 0.90. Besides these, the trailing price-to-sales (P/S) ratio of 2.69, the price-to-book (PB) ratio of 1.46.
Financial Health
In the three months ended June 29, Smith Micro Software Inc.’s quick ratio stood at 1.30, while its current ratio was 1.30, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 71.10% percent. In the year ended June 29, EBITDA margin amounted to -45.82%, whereas operating margins totaled -61.10%. Based on annual data, SMSI earned $34.3 million in gross profit and brought in $48.51 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -36.50%. Return on equity (ROE) for the past 12 months was -34.20%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. SMSI’s revenue fell -29.95% to $10.93 million during the quarter, while net income inched up to $9.75 million. While analysts expected Smith Micro Software Inc. to report -$0.01 quarterly earnings, the actual figure was -$0.01 per share. During the quarter, the company generated $0.33 million in EBITDA. The liabilities of Smith Micro Software Inc. were 20.18 million at the end of its most recent quarter ended June 29, and its total debt was $10.71 million. The value of shareholders’ equity is $66.75 million.
Technical Picture
This quick technical analysis looks at Smith Micro Software Inc.’s (SMSI) price momentum. With a historical volatility rate of 98.82%, the RSI 9-day stood at 69.41% on 30 August.
With respect to its five-day moving average, the current Smith Micro Software Inc. price is up by +16.78% percent or $0.2500. At present, SMSI shares trade +52.63% above its 20-day simple moving average and +59.63% percent above its 100-day simple moving average. However, the stock is currently trading approximately +48.72% above its SMA50 and -19.44% below its SMA200.
Stochastic coefficient K was 69.10% and Stochastic coefficient D was 55.76%, while ATR was 0.1614. Given the Stochastic reading of 76.36% for the 14-day period, the RSI (14) reading has been calculated as 66.82%. As of today, the MACD Oscillator reading stands at 0.1144, while the 14-day reading stands at 0.0824.
Analyst Ratings
The Benchmark Company launched its rating on Smith Micro Software Inc. (NASDAQ: SMSI) to a Buy in a note to investors on November 29, 2022. Smith Micro Software Inc. (SMSI) has been rated Buy by analysts. According to 0 brokerage firms, SMSI is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Smith Micro Software Inc. stock as buy, with 4 recommending it as overweight.
With a median target price of $4.00, the current consensus forecast for the stock is $2.00 – $4.50. Based on these forecasts, analysts predict Smith Micro Software Inc. (SMSI) will achieve an average price target of $3.63.
