SMX PLC sees significant price increase amid rising market interest
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 21 2024
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Should l Buy SMX?
Source: Coinmarketcap
SMX (Security Matters) PLC's stock price surged by 31.26% as it crossed above its 5-day SMA, reflecting strong investor interest.
The recent analysis of January's most searched stock rankings indicates a rising market interest in precious metals and tech stocks, which could influence investors' asset allocation strategies. This trend may have contributed to SMX's impressive price movement, as the overall market, including the Nasdaq-100 and S&P 500, showed gains of 1.03% and 1.08%, respectively.
This significant price increase may attract further attention from investors looking for opportunities in the market, especially as the dynamics shift towards precious metals and tech stocks.
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Analyst Views on SMX
About SMX
SMX (Security Matters) Public Limited Company (SMX) is a business-to-business (B2B) white label technology company. The Company focuses on pioneering its technology in marking, tracking, measuring, and digital platform integration. Its solutions are designed to support businesses in their transition to a low-carbon economy, offering end-to-end traceability and assurance across various sectors. Its technology works as a track-and-trace system using a marker, a reader, and an algorithm to identify embedded sub-molecular particles to track and trace different components along a production process (or any other marked along a supply chain) to the end producer. The Company provides a solution comprising a physical or chemical marker system coupled with a reader and connected to a blockchain digital platform. The Company’s solution offers applications across industries, such as process tracing, authentication, sustainability, and circular economics.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Capital Expansion: SMX successfully extended its available capital to 2028 by increasing its ELOC commitment to $250 million, significantly enhancing operational visibility and ensuring steadier decision-making and strategic execution.
- Long-term Planning Support: The new capital commitment allows SMX to better address its multi-year roadmap across infrastructure, verification, and supply chain technologies, reducing market-timing pressure and strengthening partner and stakeholder confidence.
- Platform Vision: SMX's platform spans materials, regulatory frameworks, and supply chain networks aimed at achieving verification at scale, with the extended runway better matching the time required for complex integrations, facilitating parallel execution and more logical sequencing of initiatives.
- Real-world Integration Examples: Collaborations with institutional, industrial, and regulatory partners such as A*STAR, TruCotton, and Redwave demonstrate SMX's practical applications in traceability and verification efforts, indicating that capital support typically follows demonstrated value in real systems.
See More
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Amendment Overview: An amendment has been made to increase the size of the commitment amount from $100 million to $250 million.
Context of Change: This change is part of a filing with the SEC, indicating a significant adjustment in financial commitments.
See More
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- Purpose of Amendment: The amendment is intended to stand by the terms of the equity purchase agreement.
See More
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- Capital Utilization Strategy: By extending its capital runway, SMX alleviates the pressure that typically compresses timelines for small-cap firms, preventing strategic distortion and ensuring parallel development and coordination while building its verification infrastructure platform.
- Positive Market Reaction: On Stocktwits, retail sentiment around SMX shares surged from 'bearish' to 'extremely bullish', with message volumes increasing from 'extremely low' to 'high', indicating strong investor confidence in the company's future prospects.
- Significant Stock Price Movement: SMX shares rallied over 129% on Friday, currently trading around $17, despite a nearly 99.80% decline over the past year, yet optimism remains high regarding potential major deals ahead.
See More
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- Ranking Changes: In January, iShares Silver Trust, Brand Engagement Network, Intel, and Applied Digital entered the top ten for the first time, indicating a rising market interest in precious metals and tech stocks, which could influence investors' asset allocation strategies.
- iShares Silver Trust Performance: With a current price of $80.65 and a year-to-date return of +22.6%, it narrowly trailed Tesla for second place in January, suggesting increasing investor interest in precious metals that may lead to future capital inflows.
- Tech Stock Dynamics: Meta and Apple rose three and one spots respectively, with current prices of $697.54 and $268.87, reflecting the sustained appeal of large tech stocks in the market, which may affect investors' portfolio choices.
- Market Trend Observation: Despite declines in NVIDIA and Invesco QQQ Trust, the rising interest in Silver ETFs suggests that investors may reassess the value of tech stocks while seeking diversified investments.
See More
SMX Fully Financed for Q1 2026, Advancing Plastic Cycle Token Strategy
- Funding Assurance: SMX enters 2026 fully financed for Q1, providing the company with the flexibility to focus on execution, platform expansion, and the development of its Plastic Cycle Token, thereby enhancing its sustainability objectives.
- Technology Investment: The company is investing in the rollout of molecular marking and material verification technologies, which not only strengthens its digital platform but also drives real-world adoption of transparency and compliance across global supply chains, addressing increasingly stringent government requirements.
- International Expansion: In 2025, SMX made steady progress internationally through partnerships and pilot programs, validating its technology across various regions and industries, demonstrating that molecular-level identity can survive industrial processing and still provide accurate tracking.
- Multi-Material Verification: SMX has extended its platform beyond plastics, reinforcing its long-term goal of creating a unified verification layer that meets the needs of regulators, enterprises, and sustainability-focused markets, further solidifying its core position in the sustainability sector.
See More
SMX Extends Capital Runway to 2028 with $250 Million ELOC Amendment
- Capital Expansion: SMX successfully extended its available capital to 2028 by increasing its ELOC commitment to $250 million, significantly enhancing operational visibility and ensuring steadier decision-making and strategic execution.
- Long-term Planning Support: The new capital commitment allows SMX to better address its multi-year roadmap across infrastructure, verification, and supply chain technologies, reducing market-timing pressure and strengthening partner and stakeholder confidence.
- Platform Vision: SMX's platform spans materials, regulatory frameworks, and supply chain networks aimed at achieving verification at scale, with the extended runway better matching the time required for complex integrations, facilitating parallel execution and more logical sequencing of initiatives.
- Real-world Integration Examples: Collaborations with institutional, industrial, and regulatory partners such as A*STAR, TruCotton, and Redwave demonstrate SMX's practical applications in traceability and verification efforts, indicating that capital support typically follows demonstrated value in real systems.
See More
SMX (SECURITY MATTERS): SEC FILING REVEALS AMENDMENT TO RAISE COMMITMENT AMOUNT FROM $100 MILLION TO $250 MILLION
Amendment Overview: An amendment has been made to increase the size of the commitment amount from $100 million to $250 million.
Context of Change: This change is part of a filing with the SEC, indicating a significant adjustment in financial commitments.
See More
SMX (SECURITY MATTERS): COMPANY FILES SECOND AMENDMENT TO STANDBY EQUITY PURCHASE AGREEMENT ON FEBRUARY 5 - SEC FILING
- SEC Filing: On February 5, Coenters filed a second amendment to their equity purchase agreement.
- Purpose of Amendment: The amendment is intended to stand by the terms of the equity purchase agreement.
See More
SMX Increases Equity Line of Credit to $250 Million
- Increased Credit Line: SMX has raised its equity line of credit from $116 million to $250 million, extending its capital runway by 22 months, which ensures funding continuity until 2028 and enhances market confidence and strategic execution capabilities.
- Capital Utilization Strategy: By extending its capital runway, SMX alleviates the pressure that typically compresses timelines for small-cap firms, preventing strategic distortion and ensuring parallel development and coordination while building its verification infrastructure platform.
- Positive Market Reaction: On Stocktwits, retail sentiment around SMX shares surged from 'bearish' to 'extremely bullish', with message volumes increasing from 'extremely low' to 'high', indicating strong investor confidence in the company's future prospects.
- Significant Stock Price Movement: SMX shares rallied over 129% on Friday, currently trading around $17, despite a nearly 99.80% decline over the past year, yet optimism remains high regarding potential major deals ahead.
See More
January's Most Searched Stock Rankings Analysis
- Ranking Changes: In January, iShares Silver Trust, Brand Engagement Network, Intel, and Applied Digital entered the top ten for the first time, indicating a rising market interest in precious metals and tech stocks, which could influence investors' asset allocation strategies.
- iShares Silver Trust Performance: With a current price of $80.65 and a year-to-date return of +22.6%, it narrowly trailed Tesla for second place in January, suggesting increasing investor interest in precious metals that may lead to future capital inflows.
- Tech Stock Dynamics: Meta and Apple rose three and one spots respectively, with current prices of $697.54 and $268.87, reflecting the sustained appeal of large tech stocks in the market, which may affect investors' portfolio choices.
- Market Trend Observation: Despite declines in NVIDIA and Invesco QQQ Trust, the rising interest in Silver ETFs suggests that investors may reassess the value of tech stocks while seeking diversified investments.
See More
SMX Fully Financed for Q1 2026, Advancing Plastic Cycle Token Strategy
- Funding Assurance: SMX enters 2026 fully financed for Q1, providing the company with the flexibility to focus on execution, platform expansion, and the development of its Plastic Cycle Token, thereby enhancing its sustainability objectives.
- Technology Investment: The company is investing in the rollout of molecular marking and material verification technologies, which not only strengthens its digital platform but also drives real-world adoption of transparency and compliance across global supply chains, addressing increasingly stringent government requirements.
- International Expansion: In 2025, SMX made steady progress internationally through partnerships and pilot programs, validating its technology across various regions and industries, demonstrating that molecular-level identity can survive industrial processing and still provide accurate tracking.
- Multi-Material Verification: SMX has extended its platform beyond plastics, reinforcing its long-term goal of creating a unified verification layer that meets the needs of regulators, enterprises, and sustainability-focused markets, further solidifying its core position in the sustainability sector.
See More
