Shares of Smith Micro Software, Inc. (NASDAQ:SMSI) are experiencing unusual volume during today’s trading. While the stock price moved along with the volume change, shares are touching $2.82 at the time of writing. The day’s total volume of 248532 this morning is in contrast from the three-month daily average of 80.15K. When we divide the current volume by the three-month average volume, we get a relative volume of 5.23.
Why is this important?
Trading volume is a hugely important consideration for any investor. By watching how many shares are trading hands and looking for any changes in that activity, trading opportunities can be spotted along with a deeper understanding of the reliability of other indicators on the stock.
Smith Micro Software, Inc. (NASDAQ:SMSI)‘s market cap, the total dollar value of all of their outstanding shares, is 34.26m. Including today’s unusual volume, Smith Micro Software, Inc.‘s stock is performing at 55.41% on the year. For the week, the stock is performing 19.02%. Over the past month the firm’s stock is 33.33%, 119.82% for the last quarter, 103.33% for the past six-months and 51.55% for the last year.
Current levels places Smith Micro Software, Inc. (NASDAQ:SMSI)’s stock about 8.92% from the 50-day high and 158.81% away from the 50-day low.
Disclaimer: The views, opinions, and information expressed in this article are those of the authors and do not necessarily reflect the official policy or position of any company stakeholders, financial professionals, or analysts. Examples of analysis performed within this article are only examples. They should not be utilized to make stock portfolio or financial decisions as they are based only on limited and open source information. Assumptions made within the analysis are not reflective of the position of any analysts or financial professionals.