SmartKem (NASDAQ:SMTK – Get Free Report) announced its quarterly earnings data on Friday. The company reported ($1.94) earnings per share (EPS) for the quarter, FiscalAI reports. SmartKem had a negative net margin of 3,997.69% and a negative return on equity of 520.47%. The firm had revenue of $0.00 million for the quarter.
SmartKem Stock Performance
Shares of NASDAQ SMTK traded down $0.02 during midday trading on Friday, hitting $0.20. The company’s stock had a trading volume of 1,575,771 shares, compared to its average volume of 404,450. SmartKem has a 1-year low of $0.17 and a 1-year high of $100.00. The firm’s fifty day moving average price is $1.18 and its 200-day moving average price is $10.38. The firm has a market cap of $116,280.00, a P/E ratio of -0.00 and a beta of 4.18.
Analysts Set New Price Targets
Several research analysts have recently commented on SMTK shares. Weiss Ratings lowered SmartKem from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, September 25th. Wall Street Zen lowered SmartKem to a “strong sell” rating in a research report on Saturday, August 22nd. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has an average rating of “Sell”.
Get Our Latest Analysis on SMTK
About SmartKem
SmartKem, Inc. is a materials technology company that develops organic semiconductor inks and related materials for use in printed and flexible electronics. Its technology is based on organic thin-film transistor (OTFT) materials designed to enable electronic circuits to be manufactured at relatively low temperatures using printing and other scalable production processes. The company’s product portfolio includes its truFLEX® family of organic semiconductor inks and associated materials. These products are intended for applications such as flexible and conformable displays, image and fingerprint sensors, radio-frequency identification (RFID), near-field communication (NFC), and other printed electronic devices.
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