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

SMX (Security Matters) Public Limited Company (NASDAQ:SMX)’s stock is set to reverse split before the market opens on 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 Performance

Shares of SMX (Security Matters) Public stock traded up $0.07 during midday trading on Thursday, hitting $1.25. The company had a trading volume of 1,911,696 shares, compared to its average volume of 142,754. SMX has a 12-month low of $1.15 and a 12-month high of $46,360.50. The company has a fifty 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) EPS for the quarter.

Analyst Upgrades and Downgrades

SMX has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of SMX (Security Matters) Public in a research note on Monday, September 21st. Wall Street Zen upgraded SMX (Security Matters) Public from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, SMX (Security Matters) Public currently has a consensus rating of “Sell”.

SMX (Security Matters) Public Company Profile

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.