SMX (Security Matters) Public (NASDAQ:SMX) Shares Set to Reverse Split on Tuesday, November 18th

SMX (Security Matters) Public Limited Company (NASDAQ:SMX) shares are set to reverse split on the morning of Tuesday, November 18th. The 1-8 reverse split was announced on Friday, November 14th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, November 17th.

SMX (Security Matters) Public Trading Down 17.3%

Shares of NASDAQ SMX traded down $0.29 during mid-day trading on Friday, reaching $1.39. 921,935 shares of the company’s stock were exchanged, compared to its average volume of 609,919. SMX has a twelve month low of $1.36 and a twelve month high of $8,273.73. The business has a fifty day simple moving average of $10.90 and a 200 day simple moving average of $175.98.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SMX. Weiss Ratings restated a “sell (e+)” rating on shares of SMX (Security Matters) Public in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of SMX (Security Matters) Public to a “strong sell” rating in a research report on Saturday, August 16th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

About SMX (Security Matters) Public

SMX (Security Matters) Public Limited Company, through its subsidiaries, engages in the development and commercialization of track and trace technologies for various industries. It owns and commercializes technology to mark various objects, such as solid, liquid, or gas allowing identification, circularity, proof of authenticity, tracking supply chain movements, and quality assurance.