SMX (Security Matters) Public Stock Scheduled to Reverse Split on Monday, May 11th (NASDAQ:SMX)

SMX (Security Matters) Public Limited Company (NASDAQ:SMX) shares are going to reverse split on the morning of Monday, May 11th. The 1-20 reverse split was announced on Thursday, May 7th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, May 8th.

SMX (Security Matters) Public Stock Down 19.0%

Shares of NASDAQ:SMX traded down $0.29 during trading on Thursday, reaching $1.24. The company’s stock had a trading volume of 20,495,027 shares, compared to its average volume of 2,316,873. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.02. SMX has a 12 month low of $1.02 and a 12 month high of $8,445.43. The firm’s 50 day simple moving average is $12.94 and its two-hundred day simple moving average is $160.75.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SMX (Security Matters) Public in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Trading of SMX (Security Matters) Public

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. HRT Financial LP bought a new position in shares of SMX (Security Matters) Public during the fourth quarter valued at approximately $303,000. Engineers Gate Manager LP bought a new position in shares of SMX (Security Matters) Public during the fourth quarter valued at approximately $227,000. Finally, Geode Capital Management LLC bought a new position in shares of SMX (Security Matters) Public during the fourth quarter valued at approximately $98,000. 15.74% of the stock is owned by hedge funds and other institutional investors.

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.