Monolithic Power Systems Inc. (NASDAQ:MPWR) shares, rose in value on Friday, May 26, with the stock price up by 7.52% to the previous day’s close as strong demand from buyers drove the stock to $525.02.
Actively observing the price movement in the recent trading, the stock is buoying the session at $488.32, falling within a range of $447.00 and $495.00. The value of beta (5-year monthly) is 1.13 whereas the PE ratio is 50.57 over 12-month period. Referring to stock’s 52-week performance, its high was $541.39, and the low was $301.69. On the whole, MPWR has fluctuated by 17.03% over the past month.
25-cent Stock Takes $11T Commodities Sector Digital
One brilliantly-run technology firm has successfully partnered with some of the largest players in the industry to bring a first-of-its-kind digital solution to the global commodities supply chain sector. Best of all, this upstart technology firm is currently trading undiscovered — below 25-cents per share — so very, very few investors know about it yet! For investors… it's an early-stage opportunity in a company that's bringing the US$11T global commodities sector straight into the 21st century.
All the details are in the FREE online report you can get here.
With the market capitalization of Monolithic Power Systems Inc. currently standing at about $23.13 billion, investors are eagerly awaiting this quarter’s results, scheduled for Jul 31, 2023 – Aug 04, 2023. The company’s Forward Dividend Ratio is 4.00, with its dividend yield at 0.82%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $2.8, which is expected to increase to $3.19 for fiscal year $11.94 and then to about $13.81 by fiscal year 2024. Data indicates that the EPS growth is expected to be -3.80% in 2024, while the next year’s EPS growth is forecast to be 15.70%.
Analysts have estimated the company’s revenue for the quarter at $440.54 million, with a low estimate of $439.84 million and a high estimate of $444 million. According to the average forecast, sales growth in current quarter could jump down -4.40%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $1.84 billion, representing an increase of 2.80% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that MPWR’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.02, with the price of MPWR currently trading nearly 21.50% and 13.90% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 67.03, while the 7-day volatility ratio is showing 5.09% which for the 30-day chart, stands at 4.33%. Furthermore, Monolithic Power Systems Inc. (MPWR)’s beta value is 1.14, and its average true range (ATR) is 24.51.
A comparison of Monolithic Power Systems Inc. (MPWR) with its peers suggests the former has fared considerably weaker in the market. MPWR showed an intraday change of 7.52% in today’s session so far, and over the past year, it grew by 30.73%%. In comparison, Texas Instruments Incorporated (TXN) has moved higher at 3.10% today and is up 2.86% over the past 12 months. On the other hand, the price of Analog Devices Inc. (ADI) has risen 2.38% today. The stock, however, is off 8.73% from where it was a year ago. The PE ratio stands at 50.57 for Monolithic Power Systems Inc., compared to 19.03 for Texas Instruments Incorporated, and 26.03 for Analog Devices Inc. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 1.05%. Meanwhile, the Dow Jones Industrial Improved by 0.94%.
Data on historical trading for Monolithic Power Systems Inc. (NASDAQ:MPWR) indicates that the trading volumes over the past 10 days have averaged 0.71 million and over the past 3 months, they’ve averaged 517.26K. According to company’s latest data on outstanding shares, there are 47.23 million shares outstanding.
Nearly 3.90% of Monolithic Power Systems Inc.’s shares belong to company insiders and institutional investors own 101.40% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.06 million shares as on May 14, 2023, resulting in a short ratio of 3.67. According to the data, the short interest in Monolithic Power Systems Inc. (MPWR) stood at 4.35% of shares outstanding as of May 14, 2023; the number of short shares registered in Apr 13, 2023 reached 2.34 million. The stock has risen by 48.47% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MPWR stock heading into the next quarter.