SMSI Stock Forecast: 28.57% Gain In Only 3 Days

Smith Micro Software (SMSI) provides software and services that simplify, secure, and enhance the mobile experience. The company was founded in 1982 and is headquartered in Aliso Viejo, California. Since the beginning of 2015, the stock has already increased 29.9%, with most of that coming in the past few days. Below is a forecast made by the I Know First algorithm including Smith Micro Software.

smsi stock news

In the forecast Short Term Trading Based On Genetic Algorithms: Up to 28.57% Return In 3 days, the software company had a signal strength of 15.41 and a predictability indicator of 0.15. In accordance with the algorithm’s prediction, the stock price increased 28.57%, which is extremely impressive for such a short time period.

The stock surged on January 7th after H.C. Wainwright upgraded the company’s stock from a hold to a buy, setting a price target of $2. Before trading opened on the seventh, the stock was worth $0.99, but it closed that day at $1.12. Since then, it has continued to steadily climb to its current price of $1.26. The stock had fallen more than 42% over a year before it started to climb on the 7th of January.