SMX (Security Matters) Public (NASDAQ:SMX) Stock Price Down 0.7% – What’s Next?

SMX (Security Matters) Public Limited (NASDAQ:SMX)’s stock price fell 0.7% on Friday . The stock traded as low as $1.32 and last traded at $1.35. 47,241 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 588,488 shares. The stock had previously closed at $1.36.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded SMX (Security Matters) Public from a “hold” rating to a “strong sell” rating in a research report on Thursday.

SMX (Security Matters) Public Price Performance

The business’s 50 day moving average is $1.71 and its two-hundred day moving average is $4.72.

Institutional Trading of SMX (Security Matters) Public

An institutional investor recently bought a new position in SMX (Security Matters) Public stock. XTX Topco Ltd bought a new stake in SMX (Security Matters) Public Limited (NASDAQ:SMX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 77,195 shares of the company’s stock, valued at approximately $46,000. XTX Topco Ltd owned about 74.95% of SMX (Security Matters) Public as of its most recent SEC filing. Hedge funds and other institutional investors own 15.74% of the company’s stock.

SMX (Security Matters) Public Company Profile

SMX (Security Matters) Public Limited Company, through its subsidiaries, engages in the development and commercialization of track and trace technologies for various industries. It owns and commercializes technology to mark various objects, such as solid, liquid, or gas allowing identification, circularity, proof of authenticity, tracking supply chain movements, and quality assurance.