SMX (Security Matters) Public (NASDAQ:SMX) Stock Price Down 2.3% – Should You Sell?

SMX (Security Matters) Public Limited Company (NASDAQ:SMX)’s stock price was down 2.3% during mid-day trading on Thursday . The stock traded as low as $13.00 and last traded at $13.90. 54,988 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 92,733 shares. The stock had previously closed at $14.23.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of SMX (Security Matters) Public in a research note on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

SMX (Security Matters) Public Stock Down 2.3%

The business’s 50 day moving average price is $18.34 and its two-hundred day moving average price is $1,149.34. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.02.

SMX (Security Matters) Public (NASDAQ:SMX) last posted its quarterly earnings data on Friday, March 20th. The company reported $385.91 EPS for the quarter.

Hedge Funds Weigh In On SMX (Security Matters) Public

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. HRT Financial LP acquired a new position in shares of SMX (Security Matters) Public during the 4th quarter valued at $303,000. Engineers Gate Manager LP bought a new stake in shares of SMX (Security Matters) Public in the 4th quarter worth $227,000. Finally, Geode Capital Management LLC acquired a new stake in shares of SMX (Security Matters) Public in the fourth quarter valued at $98,000. 15.74% of the stock is owned by institutional investors.

SMX (Security Matters) Public Company Profile

Security Matters Public Ltd. (NASDAQ: SMX) is a cybersecurity company specializing in hardware-enforced security solutions designed to protect computing systems and connected devices against physical and supply-chain attacks. The company’s patented approach embeds security primitives directly into hardware, offering a layer of protection that traditional software-only defenses cannot provide. By leveraging these hardware-based security elements, Security Matters aims to safeguard critical assets such as cryptographic keys, passwords and system integrity in a wide range of applications.

The company’s flagship product, VANA, comprises a suite of IP blocks and development tools that semiconductor vendors and original equipment manufacturers (OEMs) can integrate into system-on-chip (SoC) designs.