The volatility ratio for the week is 17.38%, and the volatility levels for the past 30 days are at 25.35% for SMXT. The simple moving average for the past 20 days is 46.59% for SMXT’s stock, with a 49.80% simple moving average for the past 200 days.
Is It Worth Investing in SolarMax Technology Inc. (NASDAQ: SMXT) Right Now?
The price-to-earnings ratio for SolarMax Technology Inc. (NASDAQ: SMXT) is above average at 428.13x.
The public float for SMXT is 27.01M, and at present, short sellers hold a 0.06% of that float. The average trading volume of SMXT on April 02, 2024 was 352.84K shares.
SMXT) stock’s latest price update
The stock price of SolarMax Technology Inc. (NASDAQ: SMXT) has jumped by 19.78 compared to previous close of 9.15. Despite this, the company has seen a gain of 36.49% in its stock price over the last five trading days. Seeking Alpha reported 2024-03-02 that U.S. IPO Weekly Recap: Microcap Makes Volatile Debut To Close Out February
SMXT Trading at 49.80% from the 50-Day Moving Average
After a stumble in the market that brought SMXT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.75% of loss for the given period.
Volatility was left at 25.35%, however, over the last 30 days, the volatility rate increased by 17.38%, as shares surge +124.59% for the moving average over the last 20 days.
During the last 5 trading sessions, SMXT rose by +36.49%, in comparison to the 20-day moving average, which settled at $7.78. In addition, SolarMax Technology Inc. saw 37.00% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for SMXT
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.54.
Conclusion
In summary, SolarMax Technology Inc. (SMXT) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
