Monolithic Power System Inc (NASDAQ:MPWR) shares, rose in value on Friday, March 07, with the stock price up by 5.50% to the previous day’s close as strong demand from buyers drove the stock to $596.79.
Actively observing the price movement in the last trading, the stock closed the session at $565.70. The PE ratio was 16.23 over 12-month period. Referring to stock’s 52-week performance, its high was $959.64, and the low was $546.71. On the whole, MPWR has fluctuated by -8.73% over the past month.
With the market capitalization of Monolithic Power System Inc currently standing at about $28.57 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 5.00, with its dividend yield at 0.84%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.61B, with a low estimate of 619.83M and a high estimate of 624.1M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 620.65M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MPWR’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.88, with the price of MPWR currently trading nearly -8.75% and -6.30% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.60, while the 7-day volatility ratio is showing 7.34% which for the 30-day chart, stands at 4.86%. Furthermore, Monolithic Power System Inc (MPWR)’s beta value is 1.23, and its average true range (ATR) is 33.04.
A comparison of Monolithic Power System Inc (MPWR) with its peers suggests the former has fared considerably weaker in the market. MPWR showed an intraday change of 5.50% in last session, and over the past year, it shrunk by -16.84%%.
Data on historical trading for Monolithic Power System Inc (NASDAQ:MPWR) indicates that the trading volumes over the past 3 months, they’ve averaged 889.20K. According to company’s latest data on outstanding shares, there are 47.82 million shares outstanding.
Nearly 4.06% of Monolithic Power System Inc’s shares belong to company insiders and institutional investors own 98.26% of the company’s shares. The stock has risen by 0.86% 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.
