SMX (Security Matters) Public (NASDAQ:SMX) Shares Down 0.7% – Here’s Why

SMX (Security Matters) Public Limited (NASDAQ:SMX)’s stock price dropped 0.7% during trading on Friday . The stock traded as low as $1.32 and last traded at $1.35. Approximately 47,241 shares traded hands during trading, a decline of 92% from the average daily volume of 588,488 shares. The stock had previously closed at $1.36.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of SMX (Security Matters) Public from a “hold” rating to a “strong sell” rating in a research note on Thursday.

SMX (Security Matters) Public Trading Down 0.7%

The company’s 50 day moving average price is $1.71 and its 200 day moving average price is $4.74.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SMX (Security Matters) Public stock. XTX Topco Ltd bought a new position in shares of SMX (Security Matters) Public Limited (NASDAQ:SMX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 77,195 shares of the company’s stock, valued at approximately $46,000. XTX Topco Ltd owned about 74.95% of SMX (Security Matters) Public at the end of the most recent reporting period. Institutional investors and hedge funds own 15.74% of the company’s stock.

SMX (Security Matters) Public Company Profile

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.