StockNews.com initiated coverage on shares of Smith Micro Software (NASDAQ:SMSI – Free Report) in a report released on Sunday. The brokerage issued a hold rating on the software maker’s stock.
Smith Micro Software Stock Performance
Shares of SMSI opened at $1.14 on Friday. Smith Micro Software has a one year low of $0.52 and a one year high of $10.72. The stock has a 50-day moving average price of $1.39 and a 200 day moving average price of $2.09. The company has a market capitalization of $12.57 million, a P/E ratio of -0.21 and a beta of 0.66.
Smith Micro Software (NASDAQ:SMSI – Get Free Report) last announced its earnings results on Thursday, August 1st. The software maker reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.14). Smith Micro Software had a negative net margin of 163.04% and a negative return on equity of 23.88%. The business had revenue of $5.14 million during the quarter, compared to analyst estimates of $5.40 million. During the same period in the previous year, the company earned ($0.24) earnings per share. As a group, equities research analysts forecast 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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