Equities researchers at StockNews.com started coverage on shares of Smith Micro Software (NASDAQ:SMSI – Get Free Report) in a research note issued on Friday. The brokerage set a “hold” rating on the software maker’s stock.
Smith Micro Software Price Performance
Smith Micro Software stock opened at $0.62 on Friday. The firm has a 50 day simple moving average of $1.76 and a 200-day simple moving average of $2.47. The stock has a market cap of $5.93 million, a price-to-earnings ratio of -0.12 and a beta of 0.70. Smith Micro Software has a 1-year low of $0.58 and a 1-year high of $14.96.
Smith Micro Software (NASDAQ:SMSI – Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The software maker reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.35) by ($0.14). Smith Micro Software had a negative return on equity of 23.88% and a negative net margin of 163.04%. The business had revenue of $5.14 million during the quarter, compared to analysts’ expectations of $5.40 million. During the same quarter in the previous year, the company posted ($0.24) earnings per share. Equities analysts expect that Smith Micro Software will post -1.84 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Smith Micro Software Company Profile
Smith Micro Software, Inc engages in the development and sale of software to enhance the mobile experience to wireless and cable service providers in the Americas, Europe, the Middle East, and Africa. The company offers SafePath Family, SafePath IoT, SafePath Home, and SafePath Premium product suite, which provides tools to protect digital lifestyles and manage connected devices inside and outside the home; and CommSuite, a messaging platform that helps mobile service provides deliver a next-generation voicemail experience to mobile subscribers, as well as enables multi-language voice-to-text (VTT) transcription messaging.
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