SMSI Stock Prediction: Smith Micro Is A Bargain, Has 43% Upside Potential
The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.
Smith Micro Stock Prediction
Summary- Smith Micro’s stock has a YTD return of -25.5%. The 1 –for- 4 reverse stock split last year was not enough to stop the stock’s decline.
- A bearish sentiment since September 2016 has resulted in the stock again trading near the $1.0 price level, which is Nasdaq’s required minimum bid price.
- My five-year DCF Revenue Exit model shows has 43% upside potential. Smith Micro’s shift toward mobile and enterprise software services will eventually pay off.
- Smith Micro should sell its graphics, animation and 3D consumer software products. If not, it should market them as software-as-a-service products.
- SMSI has very strong market trend 1-year algorithmic forecast from I Know First.