Security Matters (SMX), a digital tracing solutions provider, experienced a significant surge in its share price on Wednesday afternoon, reaching gains exceeding 100%. The dramatic ascent builds on a rally from the previous day as the company outlined its goals for 2026.
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One of the firm’s objectives is to speed up the adoption of its blockchain-based infrastructure designed to monitor plastic products throughout their entire supply chain. The system is called the “Plastic Cycle Token.”
Security Matters Aims to Scale Its Traceability Technology
According to Security Matters, advancing this practical implementation of its molecular identity technology represents a key objective for achieving meaningful real-world deployment this fiscal year.
The Ireland-based authentication and tracking technology company noted that the solution offers relief to businesses around the world that are under growing pressure to comply with varying regulations and meet carbon-reduction targets.
Security Matters said the use of its technology in monitoring the plastic cycle is key to its 2026 goal of expanding the real-world deployment of its molecular identity technology. In recent weeks, the company has already expanded its services to the cannabis industry as well as to the latex and rubber glove market.
Security Matters defended its Plastic Cycle Token, noting that the system provides more accurate measures of plastic recycling, recovery, and sustainability. The firm added that the technology provides users with regulatory compliance support and transparent reporting features, among other benefits.
Meanwhile, the firm in recent weeks has announced updates on its share structure. SMX stock crashed over 68% on the last trading day in 2025 after the firm filed paperwork to enable its current shareholders to resell up to 13.02 million ordinary shares.
Is SMX a Good Stock to Buy?
On Wall Street, Security Matters’ shares do not have analyst coverage.
However, TipRanks’ Technical Analysis page indicates that the stock’s Overall Consensus/Technical Sentiment over the past month is a Sell. This is based on 10 Bearish, one Neutral, and five Bullish signals.
