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

Shares of SMX (Security Matters) Public Limited Company (NASDAQ:SMX) are set to reverse split 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

NASDAQ:SMX opened at $1.18 on Thursday. SMX has a 52 week low of $1.15 and a 52 week high of $46,360.50. The stock’s fifty day moving average is $8.49 and its two-hundred day moving average is $110.89.

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

Wall Street Analyst Weigh In

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