Smith Micro Software (NASDAQ:SMSI) Stock Passes Above 200-Day Moving Average – What’s Next?

Shares of Smith Micro Software, Inc. (NASDAQ:SMSI) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.64 and traded as high as $0.8599. Smith Micro Software shares last traded at $0.8474, with a volume of 65,554 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SMSI. Benchmark boosted their target price on Smith Micro Software from $2.00 to $2.50 and gave the stock a “buy” rating in a research note on Friday, May 1st. Weiss Ratings upgraded Smith Micro Software from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $2.50.

Smith Micro Software Trading Up 0.6%

The company has a 50 day moving average of $0.73 and a two-hundred day moving average of $0.64. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.74 and a current ratio of 1.37. The stock has a market capitalization of $21.66 million, a PE ratio of -0.61 and a beta of 0.66.

Smith Micro Software (NASDAQ:SMSI) last announced its earnings results on Wednesday, March 4th. The software maker reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.01). Smith Micro Software had a negative return on equity of 55.78% and a negative net margin of 165.35%.The business had revenue of $3.97 million for the quarter, compared to analysts’ expectations of $4.30 million. Sell-side analysts predict that Smith Micro Software, Inc. will post -0.21 EPS for the current year.

Institutional Trading of Smith Micro Software

Large investors have recently added to or reduced their stakes in the company. DRW Securities LLC purchased a new stake in Smith Micro Software during the 4th quarter valued at about $40,000. Geode Capital Management LLC grew its stake in Smith Micro Software by 16.7% during the 4th quarter. Geode Capital Management LLC now owns 212,813 shares of the software maker’s stock valued at $115,000 after purchasing an additional 30,410 shares during the last quarter. Renaissance Technologies LLC grew its stake in Smith Micro Software by 41.7% during the 4th quarter. Renaissance Technologies LLC now owns 110,745 shares of the software maker’s stock valued at $60,000 after purchasing an additional 32,604 shares during the last quarter. Finally, Susquehanna International Group LLP grew its stake in Smith Micro Software by 109.2% during the 3rd quarter. Susquehanna International Group LLP now owns 42,780 shares of the software maker’s stock valued at $31,000 after purchasing an additional 22,335 shares during the last quarter. Hedge funds and other institutional investors own 20.80% of the company’s stock.

Smith Micro Software Company Profile

Smith Micro Software, Inc, headquartered in Aliso Viejo, California, is a global provider of enterprise software solutions specializing in mobility management, device security and digital content distribution. Since its founding in 1982, Smith Micro has focused on delivering tools that enable wireless network operators, enterprises and software publishers to optimize performance, secure assets and manage licensing and distribution of digital media and applications.

Within its mobility and security segment, Smith Micro offers platforms for network offload, application acceleration, secure Wi-Fi connectivity and device management.