SMX (Security Matters) Public Limited Company (NASDAQ:SMX – Free Report) shares are going to split before the market opens on Monday, June 1st. The 457-200 split was announced on Wednesday, May 27th. The newly issued shares will be issued to shareholders after the market closes on Friday, May 29th.
SMX (Security Matters) Public Stock Performance
Shares of NASDAQ:SMX traded down $1.24 during trading on Thursday, reaching $6.75. 246,166 shares of the stock traded hands, compared to its average volume of 403,157. SMX has a 52-week low of $6.11 and a 52-week high of $144,038.66. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.02. The stock has a 50-day moving average of $84.68 and a two-hundred day moving average of $2,753.04.
SMX (Security Matters) Public (NASDAQ:SMX – Get Free Report) last issued its earnings results on Friday, March 20th. The company reported $881.80 earnings per share (EPS) for the quarter.
Key Headlines Impacting SMX (Security Matters) Public
- Positive Sentiment: SMX has been featured in several major media outlets, including Forbes, Miami Herald, TIME, and Rolling Stone, which may be helping increase visibility and investor interest. Media Alert: SMX Featured in Forbes, Miami Herald, Time, Rolling Stone and Other Major Media
- Positive Sentiment: The company is pushing a recurring theme around “material intelligence” and verified recycled plastic, suggesting it is trying to position its technology as relevant to manufacturing, luxury goods, and cost control. SMX and the Age of Parity: Recycled Plastic Is No Longer the Alternative – It’s the Answer
- Positive Sentiment: Short interest reportedly fell sharply in mid-May, which can sometimes be viewed as a reduction in bearish pressure on the stock. SMX stock page
- Neutral Sentiment: SMX announced a 2.285-for-1 reverse stock split effective June 1, with new shares issued after the close on May 29. Reverse splits often have little fundamental impact but can affect trading dynamics and the share count. SMX Announces Effective Date of Reverse Stock Split
- Neutral Sentiment: The company also disclosed extremely unusual short-interest figures in recent updates, including one report showing zero shares short, which appears more like a data anomaly than a clear market signal. SMX short interest data
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of SMX (Security Matters) Public in a report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.
View Our Latest Report on SMX (Security Matters) Public
Institutional Investors Weigh In On SMX (Security Matters) Public
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC purchased a new stake in SMX (Security Matters) Public in the fourth quarter worth approximately $98,000. Engineers Gate Manager LP purchased a new position in shares of SMX (Security Matters) Public during the 4th quarter worth $227,000. Finally, HRT Financial LP purchased a new position in shares of SMX (Security Matters) Public during the 4th quarter worth $303,000. Hedge funds and other institutional investors own 15.74% of the company’s stock.
About SMX (Security Matters) Public
Security Matters Public Ltd. (NASDAQ: SMX) is a cybersecurity company specializing in hardware-enforced security solutions designed to protect computing systems and connected devices against physical and supply-chain attacks. The company’s patented approach embeds security primitives directly into hardware, offering a layer of protection that traditional software-only defenses cannot provide. By leveraging these hardware-based security elements, Security Matters aims to safeguard critical assets such as cryptographic keys, passwords and system integrity in a wide range of applications.
The company’s flagship product, VANA, comprises a suite of IP blocks and development tools that semiconductor vendors and original equipment manufacturers (OEMs) can integrate into system-on-chip (SoC) designs.
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