Smith Micro Software (NASDAQ:SMSI) Announces Quarterly Earnings Results

Smith Micro Software (NASDAQ:SMSI) issued its quarterly earnings results on Tuesday. The software maker reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.06), Zacks reports. Smith Micro Software had a negative return on equity of 36.69% and a negative net margin of 210.99%.

Smith Micro Software Stock Down 5.7 %

SMSI stock traded down $0.07 during mid-day trading on Tuesday, hitting $1.08. The company had a trading volume of 1,303,752 shares, compared to its average volume of 302,155. The company has a market capitalization of $12.75 million, a price-to-earnings ratio of -0.21 and a beta of 0.75. The company has a 50-day moving average price of $1.33 and a 200 day moving average price of $1.03. Smith Micro Software has a 12-month low of $0.52 and a 12-month high of $3.21.

Wall Street Analysts Forecast Growth

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

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.