SMX (Security Matters) Public (NASDAQ:SMX) Downgraded to Strong Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of SMX (Security Matters) Public (NASDAQ:SMX) from a sell rating to a strong sell rating in a research note published on Saturday morning.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of SMX (Security Matters) Public in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, SMX (Security Matters) Public currently has a consensus rating of “Sell”.

SMX (Security Matters) Public Stock Performance

Shares of SMX opened at $17.33 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.20 and a quick ratio of 0.59. The company’s 50 day simple moving average is $13.15 and its 200 day simple moving average is $226.85. SMX has a 1 year low of $12.51 and a 1 year high of $191,736.45.

SMX (Security Matters) Public (NASDAQ:SMX) last released its earnings results on Friday, July 17th. The company reported ($76.00) EPS for the quarter.

Hedge Funds Weigh In On SMX (Security Matters) Public

A number of hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC acquired a new position in shares of SMX (Security Matters) Public in the 4th quarter valued at about $98,000. Engineers Gate Manager LP purchased a new stake in shares of SMX (Security Matters) Public during the 4th quarter worth about $227,000. Finally, HRT Financial LP acquired a new stake in SMX (Security Matters) Public during the 4th quarter worth approximately $303,000. Institutional investors and hedge funds own 15.74% of the company’s stock.

SMX (Security Matters) Public Company Profile

Security Matters Public Ltd. (NASDAQ: SMX) is a cybersecurity company specializing in hardware-enforced security solutions designed to protect computing systems and connected devices against physical and supply-chain attacks. The company’s patented approach embeds security primitives directly into hardware, offering a layer of protection that traditional software-only defenses cannot provide. By leveraging these hardware-based security elements, Security Matters aims to safeguard critical assets such as cryptographic keys, passwords and system integrity in a wide range of applications.

The company’s flagship product, VANA, comprises a suite of IP blocks and development tools that semiconductor vendors and original equipment manufacturers (OEMs) can integrate into system-on-chip (SoC) designs.