Smith Micro Software (NASDAQ:SMSI) Posts Earnings Results

Smith Micro Software (NASDAQ:SMSI) announced its earnings results on Thursday. The software maker reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.41, FiscalAI reports. Smith Micro Software had a negative return on equity of 44.59% and a negative net margin of 92.60%. The company had revenue of $5.02 million for the quarter, compared to analyst estimates of $5.10 million.

Smith Micro Software Stock Performance

Shares of Smith Micro Software stock traded up $0.08 during trading hours on Thursday, hitting $2.40. 18,418 shares of the company were exchanged, compared to its average volume of 72,382. The stock has a market capitalization of $13.42 million, a price-to-earnings ratio of -0.68 and a beta of 0.68. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.12. Smith Micro Software has a 1 year low of $2.05 and a 1 year high of $4.64. The business has a 50-day moving average of $2.56 and a 200-day moving average of $3.06.

Wall Street Analyst Weigh In

Several research firms have recently commented on SMSI. Roth Capital reissued a “buy” rating on shares of Smith Micro Software in a research note on Thursday, September 10th. Weiss Ratings downgraded Smith Micro Software from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, October 29th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $12.50.

Smith Micro Software Company Profile

Smith Micro Software, Inc. develops software solutions for wireless service providers and other communications companies. Its products are designed to help carriers offer value-added services to consumers, including family safety, mobile security, location sharing and communications management. The company’s principal product portfolio has included the SafePath platform, which provides tools such as parental controls, family location services, digital safety features and related mobile security capabilities.