SolarMax Technology Inc (NASDAQ:SMXT) price closed higher on Monday,December 02, and jumping 5.20% above its previous close.
A look at the daily price movement shows that the last close reads $1.73, with intraday deals fluctuated between $1.63 and $2.08. Taking into account the 52-week price action we note that the stock hit a 52-week high of $15.88 and 52-week low of $0.60. The stock added 94.80% on its value in the past month.
SolarMax Technology Inc, which has a market valuation of $96.34 million, is expected to release its quarterly earnings report in January.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.
The overview shows that SMXT’s price is at present 61.63% off the SMA20 and 93.26% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 82.26, with weekly volatility standing at 19.68%. The indicator jumps to 13.09% when calculated based on the past 30 days. SolarMax Technology Inc (NASDAQ:SMXT)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 0.17.
An analysis of the SolarMax Technology Inc (NASDAQ:SMXT) stock in terms of its daily trading volume indicates that the 3-month average is 309.16K. However, this figure increases on the past 10-day timeline to an average of 0.25 million.
Current records show that the company has 45.28M in outstanding shares. The insiders’ percentage holdings are 38.51% of outstanding shares while the percentage share held by institutions stands at 2.39%. The stats also highlight that short interest as of 2024-10-31, stood at 0.4 million shares, which puts the short ratio at the time at 1.43. From this we can glean that short interest is 122.00 of company’s current outstanding shares. Notably, we see that shares short in October fall slightly given the previous month’s figure stood at 0.44 million. But the -77.25% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
