Smith Micro Software (NASDAQ:SMSI) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Smith Micro Software, Inc. (NASDAQ:SMSI)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.12 and traded as high as $1.33. Smith Micro Software shares last traded at $1.30, with a volume of 107,384 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SMSI. Benchmark reissued a “buy” rating and issued a $5.00 target price on shares of Smith Micro Software in a research report on Thursday, November 14th. StockNews.com lowered Smith Micro Software from a “hold” rating to a “sell” rating in a report on Saturday, December 21st.

Smith Micro Software Stock Performance

The company’s 50-day moving average price is $1.12 and its 200 day moving average price is $1.12. The stock has a market cap of $15.41 million, a PE ratio of -0.25 and a beta of 0.64.

Institutional Trading of Smith Micro Software

A hedge fund recently bought a new stake in Smith Micro Software stock. XTX Topco Ltd acquired a new position in Smith Micro Software, Inc. (NASDAQ:SMSI) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 25,867 shares of the software maker’s stock, valued at approximately $26,000. XTX Topco Ltd owned approximately 0.22% of Smith Micro Software at the end of the most recent reporting period. 20.80% of the stock is owned by institutional investors and hedge funds.

Smith Micro Software Company Profile

Smith Micro Software, Inc engages in the development and sale of software to enhance the mobile experience to wireless and cable service providers in the Americas, Europe, the Middle East, and Africa. The company offers SafePath Family, SafePath IoT, SafePath Home, and SafePath Premium product suite, which provides tools to protect digital lifestyles and manage connected devices inside and outside the home; and CommSuite, a messaging platform that helps mobile service provides deliver a next-generation voicemail experience to mobile subscribers, as well as enables multi-language voice-to-text (VTT) transcription messaging.