SolarMax Technology Inc (NASDAQ:SMXT) price on current trading day, rose 1.75% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.32.
A look at the stock’s price movement, the close in the last trading session was $2.28, moving within a range at $2.0819 and $2.48. Turning to its 52-week performance, $15.88 and $0.60 were the 52-week high and 52-week low respectively. Overall, SMXT moved 138.36% over the past month.
SolarMax Technology Inc’s market cap currently stands at around $106.90 million, with investors looking forward to this quarter’s earnings report slated for in January.
SMXT’s current price about 66.09% and 117.61% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 88.16, while 7-day volatility ratio is 30.15% and 17.47% in the 30-day chart. Further, SolarMax Technology Inc (SMXT) has a beta value of 0, and an average true range (ATR) of 0.28.
If we refocus on SolarMax Technology Inc (NASDAQ:SMXT), historical trading data shows that trading volumes averaged 0.86 over the past 10 days and 396.26K over the past 3 months. The company’s latest data on shares outstanding shows there are 45.28 million shares.
The 38.51% of SolarMax Technology Inc’s shares are in the hands of company insiders while institutional holders own 2.39% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.4 million on 2024-10-31, giving us a short ratio of 1.43. The data shows that as of 2024-10-31 short interest in SolarMax Technology Inc (SMXT) stood at 122.00001 of shares outstanding, with shares short falling to 0.44 million registered in 2024-09-30. Current price change has pushed the stock -71.00% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SMXT stock continues to rise going into the next quarter.
