SMX (Security Matters) Public (NASDAQ:SMX) Trading Down 6.4% – Should You Sell?

SMX (Security Matters) Public Limited Company (NASDAQ:SMX)’s share price was down 6.4% on Friday . The company traded as low as $15.04 and last traded at $15.65. Approximately 31,791 shares traded hands during trading, a decline of 33% from the average session volume of 47,595 shares. The stock had previously closed at $16.72.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SMX (Security Matters) Public in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

SMX (Security Matters) Public Stock Down 6.4%

The company’s 50 day moving average is $11.05 and its 200 day moving average is $497.07. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.59 and a current ratio of 0.59.

SMX (Security Matters) Public (NASDAQ:SMX) last issued its quarterly earnings results on Friday, March 20th. The company reported $385.91 earnings per share for the quarter.

Hedge Funds Weigh In On SMX (Security Matters) Public

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

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.