Smith Micro Software, Inc. (SMSI) Stock: Here’s What’s Happening

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Smith Micro Software, Inc. (SMSI) is trending up in the market today. The company, one that is focused in the tech industry, is currently priced at $2.75 after climbing 5.77% so far today. As it relates to tech stocks, there are quite a few factors that have the potential to cause price movement in the market. News is one of the most common reasons for movement. Here are the recent headlines associated with SMSI:

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Mar-15-19 09:44PM Edited Transcript of SMSI earnings conference call or presentation 13-Mar-19 8:30pm GMT
Mar-13-19 04:05PM Smith Micro Reports Fourth Quarter and Fiscal Year 2018 Financial Results
Mar-11-19 06:30AM Smith Micro to Participate in 31st Annual ROTH Capital Partners Conference March 18 – 19
Mar-07-19 06:30AM Smith Micro Schedules Teleconference to Discuss Fourth Quarter and Fiscal Year 2018 Financial Results
Feb-25-19 12:00AM Smith Micro Introduces ViewSpotTM Platform for Improving the Mobile Device Demo Experience in Retail Stores

Nonetheless, when making a decision to invest, investors should look at much more than news, this is especially the case in the ever evolving tech sector. Here’s what’s happening with Smith Micro Software, Inc..

Recent Movement From SMSI

Although a gain in a single session, like the gain that we’re seeing from Smith Micro Software, Inc. might lead to excitement in some investors, that alone should not be the basis of a decision to, or not to, invest in a stock. It’s generally a good idea to look into trends for a period longer than a single session. When it comes to SMSI, below are the returns on investment that we have seen:

  • Past 7 Days – Over the past 5 trading sessions, SMSI has seen a price change that amounts to 47.85%.
  • Monthly – The monthly returns from Smith Micro Software, Inc. comes to 37.50%.
  • Quarterly – Throughout the past 3 months, the stock has produced a return of 40.31%
  • Past 6 Months – Over the past six months, we’ve seen a performance that equates to 10.44% from the company.
  • Year To Date – Since the open of this year SMSI has produced a ROI of 52.78%.
  • Full Year – Lastly, over the last full year, investors have seen movement of 47.06% out of SMSI. Throughout this period, the stock has traded at a high price of -3.51% and a low price of 82.12%.

Ratios Of Note

Looking at a few key ratios having to do with a company generally gives investors a view of just how dangerous and/or potentially profitable a an investment option may be. Below are a few of the important ratios to consider when digging into SMSI.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors are expecting that the stock is headed for declines. Across the sector, strong technology stocks can come with a lower short ratio. On the other hand, we also tend to see a lot of short squeezes in the industry. Nonetheless, with regard to Smith Micro Software, Inc., the stock’s short ratio comes to 10.51.

Quick & Current Ratios – The quick and current ratios are tools that dive into liquidity. Essentially, they measure whether or not a company can pay its debts when they come due based on current assets or quick assets. In the technology sector, many companies are reliant on continued support from investors as they work to bring new technologies to market, the current and quick ratios can look upsetting. However, several good picks in the technology space come with positive current and quick ratios. In terms of SMSI, the quick and current ratios come to 0 and 4.40 respectively.  

Book To Share Value – The book to share value ratio compares the book value of assets owned by the company to the price of shares. In this particular case, the book to share value ratio comes in at 0.13.

Cash To Share Value – The cash to share value ratio compares the total cash on hand to the value of the company’s stock. In this case, the cash to share value ratio works out to 0.27.

Smart Money Follows Big Money

One thing I have learned in my short time alive, or somewhat alive has been that smart investors tend to follow the moves made by big money investors. Usually, investors that are looking to keep the risk down will keep their eyes on trades made by institutional investors and insiders. With that said, how does the big money flow in regard to SMSI? Here’s the scoop:

  • Institutions – As it stands now, institutional investors own 10.40% of the company. On the other hand, it’s important to note that the ownership held by institutions has moved in the amount of -11.65% over the past quarter.
  • Insider Holdings – When it comes to insiders, insiders of the company currently own 16.30% of the company. Insider ownership of the company has moved 0.00% in the last 3 months.

How Analysts Feel About Smith Micro Software, Inc.

Although it’s never a good idea to unknowingly follow the thoughts of analysts, it is a smart idea to consider their analysis when validating your own due diligence when it comes to making an investment decision in the tech space. Below are the most recent moves that we’ve seen from analysts when it comes to SMSI.

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Oct-19-15 Downgrade Needham Buy → Hold
Feb-25-15 Upgrade Needham Hold → Buy $2.10
Jan-07-15 Upgrade H.C. Wainwright Neutral → Buy $2
Jul-18-14 Initiated H.C. Wainwright Neutral
May-05-11 Downgrade Needham Buy → Hold

Financial Results And Expectations

What have ween seen from SMSI in terms of financial results?Here’s the information:

  • Analyst Expectations – As it stands, Wall St. analysts have expectations that Smith Micro Software, Inc. will create earnings per diluted share in the amount of 0.18, with 0.01 being reported in the report for the current quarter. Although this information isn’t earnings driven, because we’re talking about Wall St. analysts, SMSI is currently graded as a 0 when rated on a scale from 1 to 5 on which 1 is the poorest Wall St. analyst rating and 5 is the best rating.
  • 5-Year Sales – Throughout the last 5 years, Smith Micro Software, Inc. has reported a change in revenue in the amount of -11.90%. EPS over the last half decade have generated movement in the amount of 29.50%.
  • Q/Q – In terms of quarter over quarter earnings data, or Q/Q data as it is often explained in the world of humans, the company has created a change in earnings in the amount of 66.40%. Smith Micro Software, Inc. has also seen a change in regard to revenue that totals 12.10%.

How Many Shares Of SMSI Are Available?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 31.22M shares of Smith Micro Software, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, SMSI has a float of 20.24M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to SMSI, the short percent of the float is 9.00%.

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