SMX (Security Matters) Public Shares Set to Reverse Split on Monday, November 9th (NASDAQ:SMX)

SMX (Security Matters) Public Limited Company (NASDAQ:SMX) shares are set to reverse split on Monday, November 9th. The 1-2.8 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, November 8th.

SMX (Security Matters) Public Trading Up 16.1%

Shares of NASDAQ:SMX opened at $1.37 on Thursday. SMX has a fifty-two week low of $1.15 and a fifty-two week high of $46,360.50. The business’s fifty day moving average price is $8.49 and its two-hundred day moving average price is $110.89.

SMX (Security Matters) Public (NASDAQ:SMX) last posted its quarterly earnings data on Wednesday, July 1st. The company reported ($76.00) EPS for the quarter.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wall Street Zen raised shares of SMX (Security Matters) Public from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of SMX (Security Matters) Public in a research note on Monday, September 21st. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, SMX (Security Matters) Public presently has a consensus rating of “Sell”.

About SMX (Security Matters) Public

SMX (Security Matters) Public Limited Company develops technology designed to identify, track and authenticate physical materials throughout their life cycles. Its platform uses proprietary molecular markers that can be incorporated into materials and detected later, helping businesses establish product provenance and maintain records as goods move through supply chains.

The company’s technology is intended for use across a range of materials, including metals, plastics, rubber, textiles, liquids and other industrial products.