SmartKem (NASDAQ:SMTK) Announces Earnings Results

SmartKem (NASDAQ:SMTK) posted its quarterly earnings results on Friday. The company reported ($1.94) earnings per share (EPS) for the quarter, FiscalAI reports. SmartKem had a negative return on equity of 520.47% and a negative net margin of 3,997.69%. The company had revenue of $0.00 million during the quarter.

SmartKem Stock Down 8.5%

SmartKem stock traded down $0.02 on Friday, hitting $0.20. The company’s stock had a trading volume of 1,575,936 shares, compared to its average volume of 2,201,200. SmartKem has a one year low of $0.17 and a one year high of $100.00. The firm has a market cap of $115,260.00, a P/E ratio of -0.00 and a beta of 4.18. The company has a fifty day moving average price of $1.13 and a 200-day moving average price of $10.19.

Analyst Upgrades and Downgrades

Several research firms have commented on SMTK. Wall Street Zen cut SmartKem to a “strong sell” rating in a report on Saturday, August 22nd. Weiss Ratings lowered SmartKem from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, September 25th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

SmartKem Company Profile

SmartKem, Inc. is a materials technology company that develops organic semiconductor inks and related materials for use in printed and flexible electronics. Its technology is based on organic thin-film transistor (OTFT) materials designed to enable electronic circuits to be manufactured at relatively low temperatures using printing and other scalable production processes. The company’s product portfolio includes its truFLEX® family of organic semiconductor inks and associated materials. These products are intended for applications such as flexible and conformable displays, image and fingerprint sensors, radio-frequency identification (RFID), near-field communication (NFC), and other printed electronic devices.