SmartKem (NASDAQ:SMTK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of SmartKem (NASDAQ:SMTK) from a sell rating to a hold rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of SmartKem in a report on Friday, October 31st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

SmartKem Stock Down 2.3%

Shares of SMTK stock opened at $1.29 on Friday. The business’s fifty day moving average is $1.91 and its 200 day moving average is $1.39. The stock has a market cap of $7.92 million, a price-to-earnings ratio of -0.57 and a beta of 4.81. SmartKem has a twelve month low of $0.59 and a twelve month high of $7.80.

SmartKem (NASDAQ:SMTK) last announced its earnings results on Thursday, November 13th. The company reported ($0.45) EPS for the quarter. The business had revenue of $0.08 million for the quarter. SmartKem had a negative net margin of 6,262.36% and a negative return on equity of 610.88%.

Institutional Trading of SmartKem

Several institutional investors have recently bought and sold shares of SMTK. AIGH Capital Management LLC raised its holdings in SmartKem by 50.4% in the second quarter. AIGH Capital Management LLC now owns 438,685 shares of the company’s stock worth $439,000 after buying an additional 147,004 shares during the last quarter. Walleye Capital LLC raised its holdings in SmartKem by 147.0% in the 2nd quarter. Walleye Capital LLC now owns 240,082 shares of the company’s stock worth $238,000 after acquiring an additional 142,898 shares during the last quarter. Rossby Financial LCC bought a new position in SmartKem in the 3rd quarter valued at approximately $188,000. PFG Investments LLC purchased a new stake in SmartKem during the 3rd quarter valued at $72,000. Finally, Corient Private Wealth LLC increased its holdings in shares of SmartKem by 120.8% in the 2nd quarter. Corient Private Wealth LLC now owns 42,496 shares of the company’s stock worth $43,000 after purchasing an additional 23,248 shares in the last quarter.

SmartKem Company Profile

SmartKem, Inc develops electronics transistors using its proprietary advanced semiconductor materials. Its technology can be used in a range of applications including next generation MicroLED, LCD and AMOLED displays, as well as advanced computer and AI chip packaging, and a new type of sensor. The company was founded on September 21, 2018 and is headquartered in Blackley, the United Kingdom.