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

SMX (Security Matters) Public Limited Company (NASDAQ:SMX)’s stock is scheduled 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 closing bell on Friday, May 8th.

SMX (Security Matters) Public Trading Down 19.0%

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

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of SMX (Security Matters) Public in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Engineers Gate Manager LP purchased a new position in SMX (Security Matters) Public during the fourth quarter valued at approximately $227,000. HRT Financial LP purchased a new position in SMX (Security Matters) Public during the fourth quarter valued at approximately $303,000. Finally, Geode Capital Management LLC purchased a new stake in shares of SMX (Security Matters) Public in the fourth quarter valued at approximately $98,000. 15.74% of the stock is currently 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.