SMX (Security Matters) Public (NASDAQ:SMX) Shares to Reverse Split on Monday, May 11th
by Jessica Moore · The Cerbat GemSMX (Security Matters) Public Limited Company (NASDAQ:SMX – Free Report) shares are set to reverse split on Monday, May 11th. The 1-20 reverse split was announced on Thursday, May 7th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, May 8th.
SMX (Security Matters) Public Price Performance
Shares of NASDAQ:SMX traded down $0.29 during midday trading on Thursday, reaching $1.24. The company had a trading volume of 20,495,027 shares, compared to its average volume of 2,316,873. The company has a fifty day simple moving average of $12.94 and a two-hundred day simple moving average of $160.75. SMX has a 1-year low of $1.02 and a 1-year high of $8,445.43. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.02.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SMX (Security Matters) Public in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, SMX (Security Matters) Public presently has an average rating of “Sell”.
Check Out Our Latest Report on SMX (Security Matters) Public
Institutional Trading of SMX (Security Matters) Public
A number of hedge funds have recently made changes to their positions in SMX. Geode Capital Management LLC purchased a new position in SMX (Security Matters) Public during the fourth quarter valued at approximately $98,000. Engineers Gate Manager LP purchased a new stake in SMX (Security Matters) Public in the 4th quarter worth approximately $227,000. Finally, HRT Financial LP acquired a new stake in shares of SMX (Security Matters) Public during the 4th quarter valued at $303,000. 15.74% of the stock is owned by hedge funds and other institutional investors.
About SMX (Security Matters) Public
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.