SMX (Security Matters) Plc (NASDAQ: SMX): Is It Stable And Growing?

SMX (Security Matters) Plc (NASDAQ:SMX) shares, rose in value, with the stock price up by 0.60% to the previous day’s close as strong demand from buyers drove the stock to $0.15.

Actively observing the price movement in the last trading, the stock closed the session at $0.15. The value of beta (5-year monthly) was -2.05. Referring to stock’s 52-week performance, its high was $74.80, and the low was $0.12. On the whole, SMX has fluctuated by -23.13% over the past month.

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Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that SMX’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SMX currently trading nearly -2.48% and -38.91% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.05, while the 7-day volatility ratio is showing 17.36% which for the 30-day chart, stands at 21.06%. Furthermore, SMX (Security Matters) Plc (SMX)’s beta value is -2.15, and its average true range (ATR) is 0.04.

A comparison of SMX (Security Matters) Plc (SMX) with its peers suggests the former has fared considerably weaker in the market. SMX showed an intraday change of 0.60% in last session, and over the past year, it shrunk by -99.28%%.

Data on historical trading for SMX (Security Matters) Plc (NASDAQ:SMX) indicates that the trading volumes over the past 10 days have averaged 4.25 million and over the past 3 months, they’ve averaged 6.14 million. According to company’s latest data on outstanding shares, there are 5.70 million shares outstanding.

Nearly 4.35% of SMX (Security Matters) Plc’s shares belong to company insiders and institutional investors own 3.13% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.14 million shares as on Mar 15, 2024, resulting in a short ratio of 0.04. According to the data, the short interest in SMX (Security Matters) Plc (SMX) stood at 0.50% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 1.12 million. The stock has fallen by -78.89% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SMX stock heading into the next quarter.