SmartKem (SMTK)
NASDAQ:SMTK
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SmartKem
(NASDAQ:SMTK)
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Rating:42Neutral
Price Target:
$0.67
▼(-43.78% Downside)
Action:ReiteratedDate:02/03/26
The score is primarily weighed down by weak financial performance (large losses, cash burn, and negative equity) and a clear technical downtrend below major moving averages. Corporate events provide some upside potential via a paid proof-of-concept, but repeated capital raises highlight ongoing funding risk, and valuation remains constrained by negative earnings.
Positive Factors
Proprietary IP and Materials
SmartKem’s core technology—proprietary OTFT inks and process know‑how—provides a durable technical moat in printed electronics. This IP underpins multiple monetization paths (consumables, licensing, engineering services) and supports long‑term revenue diversification if commercial adoption scales.
Negative Factors
Negative stockholders' equity
The shift to negative equity is a meaningful structural red flag: it reflects cumulative losses and erodes the balance sheet cushion. Persisting negative equity constrains financing options, increases lender and counterparty risk, and can limit the company’s ability to fund scale‑up without dilutive capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Proprietary IP and Materials
SmartKem’s core technology—proprietary OTFT inks and process know‑how—provides a durable technical moat in printed electronics. This IP underpins multiple monetization paths (consumables, licensing, engineering services) and supports long‑term revenue diversification if commercial adoption scales.
Read all positive factors
SmartKem (SMTK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.71M
Dividend YieldN/A
Average Volume (3M)345.23K
Price to Earnings (P/E)―
Beta (1Y)-0.48
Revenue Growth345.00%
EPS Growth-13.31%
CountryUS
Employees27
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)-0.45
Shares Outstanding7,516,818
10 Day Avg. Volume406,804
30 Day Avg. Volume345,225
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)1.43
Price to Sales (P/S)115.30
P/FCF Ratio-1.16
Enterprise Value/Market Cap0.47
Enterprise Value/Revenue4.51
Enterprise Value/Gross Profit-7.23
Enterprise Value/Ebitda-0.06
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
SmartKem Business Overview & Revenue Model
Company Description
SmartKem, Inc. engages in the development of materials and processes for organic thin-film transistors backplanes for the manufacture of flexible electronics. Its transistor stacks are used in various applications, including bendable smart-phone d...
How the Company Makes Money
SmartKem generates revenue through the sale of its proprietary organic semiconductor materials and technologies. The company's revenue model is primarily based on direct sales of its products to manufacturers of electronic devices, as well as lice...
SmartKem Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
28
Negative
Cash Flow
12
Very Negative
| Breakdown | TTM | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 178.00K | 82.00K | 27.00K | 40.00K | 18.00K | 94.00K |
| Gross Profit | -111.00K | 50.00K | 4.00K | 7.00K | 10.00K | 39.00K |
| EBITDA | -12.79M | -9.86M | -9.50M | -9.23M | -16.66M | -15.93M |
| Net Income | -11.15M | -10.33M | -8.50M | -11.49M | -17.14M | -23.13M |
Balance Sheet | ||||||
| Total Assets | 3.25M | 8.90M | 11.27M | 7.53M | 15.06M | 2.95M |
| Cash, Cash Equivalents and Short-Term Investments | 881.00K | 7.14M | 8.84M | 4.24M | 12.23M | 763.81K |
| Total Debt | 650.00K | 72.00K | 249.00K | 465.00K | 125.00K | 244.10K |
| Total Liabilities | 6.20M | 2.31M | 3.16M | 1.64M | 1.54M | 1.10M |
| Stockholders Equity | -2.95M | 6.59M | 8.11M | 5.88M | 13.52M | 1.85M |
Cash Flow | ||||||
| Free Cash Flow | -7.50M | -8.17M | -8.05M | -9.13M | -10.88M | -4.20M |
| Operating Cash Flow | -7.39M | -8.10M | -8.04M | -9.05M | -10.54M | -4.08M |
| Investing Cash Flow | -107.75K | -75.00K | -18.00K | -79.00K | -341.00K | -118.00K |
| Financing Cash Flow | 6.53M | 6.53M | 12.69M | 1.83M | 22.20M | 4.59M |
SmartKem Technical Analysis
Negative
1.19
Price Trends
0.41
Negative
0.94
Negative
1.15
Negative
Market Momentum
-0.05
Negative
34.48
Neutral
33.20
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SMTK, the sentiment is Negative. The current price of 1.19 is above the 20-day moving average (MA) of 0.25, above the 50-day MA of 0.41, and above the 200-day MA of 1.15, indicating a bearish trend. The MACD of -0.05 indicates Negative momentum. The RSI at 34.48 is Neutral, neither overbought nor oversold. The STOCH value of 33.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SMTK.
SmartKem Risk Analysis
SmartKem disclosed 46 risk factors in its most recent earnings report. SmartKem reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
SmartKem Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
48 Neutral | $30.79M | -2.36 | 109.22% | ― | -38.72% | 16.01% | |
46 Neutral | $8.79M | -4.79 | -45.37% | ― | 729.81% | 61.92% | |
45 Neutral | $8.92M | -1.29 | -128.31% | ― | 2.15% | 94.29% | |
45 Neutral | $116.87M | -4.64 | -27.53% | ― | 7.53% | -15.00% | |
44 Neutral | $38.87M | -0.61 | -99.13% | ― | 2.80% | ― | |
42 Neutral | $1.71M | -0.94 | -610.88% | ― | 345.00% | -13.31% |
* Technology Sector Average
SMTK
SmartKem
0.23
-2.78
-92.46%
PRSO
Peraso
0.95
0.27
39.79%
PXLW
Pixelworks
4.84
-2.68
-35.65%
LEDS
SemiLEDs
1.07
-1.16
-52.11%
SQNS
Sequans Communications S A
2.43
-18.57
-88.43%
VLN
Valens
1.11
-0.93
-45.59%
SmartKem Corporate Events
Private Placements and Financing
SmartKem Raises Capital Through New Securities Purchase Agreement
Positive
Jan 30, 2026
On January 30, 2026, SmartKem, Inc. entered into a securities purchase agreement with an institutional investor and closed an offering of 677,129 shares of common stock at $0.50 per share and 683,871 pre-funded warrants at $0.4999 per warrant, rai...
Executive/Board ChangesRegulatory Filings and Compliance
SmartKem Announces Retirement of Chief Scientist Beverley Brown
Neutral
Jan 15, 2026
On January 9, 2026, SmartKem, Inc. announced that its Chief Scientist, Beverley Brown, had informed the company of her intention to retire, with her departure becoming effective on January 12, 2026. The retirement of Brown, who held a key scientif...
Business Operations and StrategyProduct-Related Announcements
SmartKem Signs Proof-of-Concept Deal for MicroLED Wearables
Positive
Jan 6, 2026
On January 6, 2026, SmartKem, Inc. announced a 12‑month paid proof‑of‑concept agreement with a global consumer electronics leader to co-develop next-generation smart wearables featuring a conformable MicroLED display that incorpo...
M&A Transactions
SmartKem Extends Exclusivity Period with Jericho Energy
Neutral
Nov 20, 2025
SmartKem, Inc. announced an amendment to its non-binding letter of intent with Jericho Energy Ventures Inc. regarding a potential business combination. The amendment extends the exclusivity period for negotiations to February 3, 2026, and the dead...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.