SMX (Security Matters) Public Stock to Reverse Split on Tuesday, February 17th (NASDAQ:SMX)

Shares of SMX (Security Matters) Public Limited Company (NASDAQ:SMX) are going to reverse split on the morning of Tuesday, February 17th. The 128-625 reverse split was announced on Thursday, February 12th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, February 16th.

SMX (Security Matters) Public Stock Down 16.1%

Shares of SMX opened at $14.03 on Friday. SMX has a 12-month low of $3.12 and a 12-month high of $9,134.64. The business has a 50-day simple moving average of $66.52 and a two-hundred day simple moving average of $152.96.

Institutional Investors Weigh In On SMX (Security Matters) Public

An institutional investor recently bought a new position in SMX (Security Matters) Public stock. HRT Financial LP purchased a new stake in shares of SMX (Security Matters) Public Limited Company (NASDAQ:SMX) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 18,579 shares of the company’s stock, valued at approximately $303,000. HRT Financial LP owned about 1.77% of SMX (Security Matters) Public as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 15.74% of the company’s stock.

SMX (Security Matters) Public Company Profile

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.