Smith Micro Software, Inc. (SMSI) Receives Consensus Rating of “Strong Buy” from Analysts
Smith Micro Software, Inc. (NASDAQ:SMSI) has been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.
Brokerages have set a 12-month consensus target price of $4.55 for the company and are anticipating that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also given Smith Micro Software an industry rank of 11 out of 255 based on the ratings given to its competitors.
Several research firms have recently weighed in on SMSI. Chardan Capital began coverage on Smith Micro Software in a report on Sunday, April 7th. They set a “buy” rating and a $5.00 price target on the stock. Zacks Investment Research cut Smith Micro Software from a “buy” rating to a “hold” rating in a report on Wednesday, December 26th. Finally, ValuEngine cut Smith Micro Software from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd.
SMSI stock traded up $0.11 during midday trading on Tuesday, hitting $2.89. The company’s stock had a trading volume of 91,069 shares, compared to its average volume of 207,235. The stock has a market capitalization of $92.32 million, a PE ratio of -20.64 and a beta of 0.33. Smith Micro Software has a 12 month low of $1.62 and a 12 month high of $3.35.
Smith Micro Software (NASDAQ:SMSI) last released its quarterly earnings results on Wednesday, March 13th. The software maker reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.09. The firm had revenue of $7.35 million for the quarter, compared to analysts’ expectations of $6.70 million. Smith Micro Software had a positive return on equity of 9.62% and a negative net margin of 10.42%. As a group, analysts predict that Smith Micro Software will post 0.07 EPS for the current year.
About Smith Micro Software
Smith Micro Software, Inc develops and sells software to simplify and enhance the mobile experience to wireless service providers, device manufacturers, and enterprise businesses in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Wireless and Graphics.
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