SMX (Security Matters) Public Limited Company (NASDAQ: SMX) stock fell -2.53% on Monday to $0.12 against a previous-day closing price of $0.12. With 1.67 million shares changed hands, the volume of the stock remained lighter than its average volume of 6.48 million shares. During the session, the Specialty Business Services company that operates in wider Industrials sector, reached to the highest price of $0.1256 whereas the lowest price it dropped to was $0.1100. The 52-week range on SMX shows that it touched its highest point at $18.89 and its lowest point at $0.12 during that stretch. Beta for the stock currently stands at -1.58.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SMX was down-trending over the past week, with a drop of -10.82%, but this was down by -24.18% over a month. Three-month performance dropped to -90.74% while six-month performance fell -98.61%. The stock lost -98.80% in the past year, while it has lost -98.83% so far this year.
Float and Shares Shorts:
At present, 40.59 million SMX shares are outstanding with a float of 31.92 million shares on hand for trading. On Jul 13, 2023, short shares totaled 0.36 million, which was 0.88% higher than short shares on Jun 14, 2023. In addition to Mr. Haggai Alon as the firm’s Founder, CEO & Exec. Director, Ms. Limor Moshe Lotker serves as its Chief Financial Officer.
Other institutions hold 9.06% of SMX, in contrast to 0.01% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in SMX with 8.41% of the stake, L1 Capital Global, Inc. holds 3,144,444 shares worth 3,144,444. A second-largest stockholder of SMX, Nomura Securities Co., Ltd., holds 106,250 shares, controlling over 0.28% of the firm’s shares. Citadel Securities LLC is the third largest shareholder in SMX, holding 49,181 shares or 0.13% stake.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. Over the past year, revenue came in at $0.00 while operating income stood at -$5.07M. EBITDA for the full year was -$4.52M.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SMX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.