Investing in Smith Micro Software Inc. (SMSI): What You Must Know


In a filing, Smith Micro Software Inc. revealed its VP, CFO and Treasurer Kempton James M acquired Company’s shares for reported $1190.0 on Jun 14. In the deal valued at $1.19 per share,1,000 shares were bought. As a result of this transaction, Kempton James M now holds 204,719 shares worth roughly $ 0.33 million.

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Then, Sharma Chetan bought 1,000 shares, generating $2,699 in total proceeds. Upon buying the shares at $2.70, the Director now owns 19,082 shares.

Before that, SMITH WILLIAM W JR bought 5,000 shares. Smith Micro Software Inc. shares valued at $12,955 were divested by the President & CEO at a price of $2.59 per share. As a result of the transaction, SMITH WILLIAM W JR now holds 4,864,704 shares, worth roughly $7.88 million.

The Benchmark Company initiated its Smith Micro Software Inc. [SMSI] rating to a Buy in a research note published on Friday, November 29, 2022; the price target was $5. PT values the company’s stock at a premium of 67.6 to its Friday closing price.

Price Performance Review of SMSI

On Friday, Smith Micro Software Inc. [NASDAQ:SMSI] saw its stock fall -5.26% to $1.62. On the same session, the stock had its day’s lowest price of $1.61, but rose to a high of $1.75. Over the last five days, the stock has gained 20.90%. Smith Micro Software Inc. shares have fallen nearly -22.86% since the year began. Nevertheless, the stocks have fallen -33.33% over the past one year. While a 52-week high of $3.47 was reached on 02/02/23, a 52-week low of $0.95 was recorded on 03/20/23. SMA at 50 days reached $1.2856, while 200 days put it at $1.6954. A total of 0.27 million shares were traded, compared to the trading of 0.35 million shares in the previous session.

Levels Of Support And Resistance For SMSI Stock

The 24-hour chart illustrates a support level at 1.5700, which if violated will result in even more drops to 1.5200. On the upside, there is a resistance level at 1.7100. A further resistance level may holdings at 1.8000. The Relative Strength Index (RSI) on the 14-day chart is 59.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.1514, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.45%. Stochastics %K at 67.27% indicates the stock is a holding.

How much short interest is there in Smith Micro Software Inc.?

A steep rise in short interest was recorded in Smith Micro Software Inc. stocks on Aug 14, 2023, dropping by -0.11 million shares to a total of 1.8 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.91 million shares. There was a decline of -6.11%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.02% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.28.

Smith Micro Software Inc. [SMSI] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 2,732,745 shares, or roughly 4.29% of the outstanding SMSI shares. Additionally, Pacific Ridge Capital Partners LL increased 5.34% of its stake after which the total value it holdings stand at $2,256,888, while Renaissance Technologies LLC added 20.40% of its stake to hold $0.68 million in the firm. Over the last quarter, Geode Capital Management LLC purchased 40,187 shares of Smith Micro Software Inc., while BlackRock Fund Advisors bought 15,275 shares. At present, Susquehanna Financial Group LLLP is holding 357,744 shares valued at $0.41 million. Citadel Securities LLC owned 335,056 shares of the company at the time of its most recent 13F filing, worth $0.38 million.

According to FactSet, Smith Micro Software Inc.’s share price will average $3.63 in the next year, based on opinions of analysts polled by the firm. This is up nearly 133.92 percent from its previous closing price of $1.71. Analysts expect Smith Micro Software Inc. stock to reach the higher price of $4.50, while the lowest price estimate is $2.00. However, 4 analysts have rated SMSI stock as a Buy in their predictions for 2023.


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