Smith Micro Software (NASDAQ:SMSI) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Smith Micro Software, Inc. (NASDAQ:SMSI)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.22 and traded as high as $1.64. Smith Micro Software shares last traded at $1.37, with a volume of 628,862 shares changing hands.

Analyst Upgrades and Downgrades

SMSI has been the topic of several research reports. Benchmark restated a “buy” rating and issued a $5.00 target price on shares of Smith Micro Software in a research note on Thursday, November 14th. StockNews.com downgraded shares of Smith Micro Software from a “hold” rating to a “sell” rating in a report on Saturday, December 21st.

Smith Micro Software Trading Down 16.0 %

The firm has a market cap of $16.24 million, a P/E ratio of -0.26 and a beta of 0.64. The business’s fifty day simple moving average is $0.99 and its 200-day simple moving average is $1.22.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Smith Micro Software stock. XTX Topco Ltd acquired a new stake in shares of Smith Micro Software, Inc. (NASDAQ:SMSI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 quarter. 20.80% of the stock is owned by institutional investors and hedge funds.

About Smith Micro Software

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.