SMX (Security Matters) Public (NASDAQ:SMX) Shares Set to Reverse Split on Tuesday, November 18th

SMX (Security Matters) Public Limited Company (NASDAQ:SMX)’s stock is going to reverse split on the morning of Tuesday, November 18th. The 1-8 reverse split was announced on Friday, November 14th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, November 17th.

SMX (Security Matters) Public Trading Down 17.3%

NASDAQ SMX traded down $0.29 on Friday, reaching $1.39. The company had a trading volume of 921,935 shares, compared to its average volume of 609,919. SMX has a 52 week low of $1.36 and a 52 week high of $8,273.73. The stock’s 50 day moving average is $10.62 and its 200-day moving average is $171.51.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on SMX shares. Wall Street Zen cut shares of SMX (Security Matters) Public to a “strong sell” rating in a research report on Saturday, August 16th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SMX (Security Matters) Public in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, SMX (Security Matters) Public has a consensus rating of “Sell”.

SMX (Security Matters) Public Company Profile

SMX (Security Matters) Public Limited Company, through its subsidiaries, engages in the development and commercialization of track and trace technologies for various industries. It owns and commercializes technology to mark various objects, such as solid, liquid, or gas allowing identification, circularity, proof of authenticity, tracking supply chain movements, and quality assurance.