SMX (Security Matters) Public Shares Scheduled to Reverse Split on Monday, November 9th (NASDAQ:SMX)

Shares of SMX (Security Matters) Public Limited Company (NASDAQ:SMX) are set to reverse split on the morning of Monday, November 9th. The 1-2.8 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, November 8th.

SMX (Security Matters) Public Stock Down 31.4%

Shares of SMX (Security Matters) Public stock opened at $1.18 on Thursday. SMX has a one year low of $1.15 and a one year high of $46,360.50. The business has a 50-day simple moving average of $8.49 and a 200 day simple moving average of $110.89.

SMX (Security Matters) Public (NASDAQ:SMX) last issued its earnings results on Wednesday, July 1st. The company reported ($76.00) earnings per share for the quarter.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of SMX (Security Matters) Public from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Weiss Ratings reissued a “sell (e+)” rating on shares of SMX (Security Matters) Public in a report on Monday, September 21st. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock has an average rating of “Sell”.

About SMX (Security Matters) Public

SMX (Security Matters) Public Limited Company develops technology designed to identify, track and authenticate physical materials throughout their life cycles. Its platform uses proprietary molecular markers that can be incorporated into materials and detected later, helping businesses establish product provenance and maintain records as goods move through supply chains.

The company’s technology is intended for use across a range of materials, including metals, plastics, rubber, textiles, liquids and other industrial products.