SmartKem (NASDAQ:SMTK) Releases Quarterly Earnings Results

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

SmartKem Price Performance

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SMTK shares. Weiss Ratings cut shares of SmartKem from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, September 25th. Wall Street Zen lowered shares of SmartKem to a “strong sell” rating in a research note on Saturday, August 22nd. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has an average 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.