SMX (Security Matters) Public (NASDAQ:SMX) Cut to “Strong Sell” at Wall Street Zen

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

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

SMX (Security Matters) Public Trading Down 6.2%

NASDAQ SMX opened at $16.25 on Friday. The stock has a 50-day simple moving average of $13.42 and a two-hundred day simple moving average of $217.51. The company has a current ratio of 4.20, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. SMX has a fifty-two week low of $12.51 and a fifty-two week high of $191,736.45.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. HRT Financial LP acquired a new position in shares of SMX (Security Matters) Public in the fourth quarter worth about $303,000. Engineers Gate Manager LP acquired a new stake in shares of SMX (Security Matters) Public during the 4th quarter valued at about $227,000. Finally, Geode Capital Management LLC acquired a new stake in shares of SMX (Security Matters) Public during the 4th quarter valued at about $98,000. Hedge funds and other institutional investors own 15.74% of the company’s stock.

About SMX (Security Matters) Public

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.