The stock price of SolarMax Technology Inc (NASDAQ: SMXT) has surged by 22.25 when compared to previous closing price of 1.82, but the company has seen a 96.90% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-15 that RIVERSIDE, Calif., Nov. 15, 2024 (GLOBE NEWSWIRE) — SolarMax Technology, Inc. (Nasdaq SMXT) (“SolarMax” or the “Company”), an integrated solar energy company, today reported financial results for the quarter ended September 30, 2024.
Is It Worth Investing in SolarMax Technology Inc (NASDAQ: SMXT) Right Now?
The public float for SMXT is 27.84M, and at present, short sellers hold a 1.33% of that float. On December 03, 2024, the average trading volume of SMXT was 322.96K shares.
SMXT’s Market Performance
SMXT stock saw an increase of 96.90% in the past week, with a monthly gain of 148.24% and a quarterly increase of 102.27%. The volatility ratio for the week is 19.68%, and the volatility levels for the last 30 days are 13.09% for SolarMax Technology Inc (SMXT). The simple moving average for the last 20 days is 86.60% for SMXT stock, with a simple moving average of -54.06% for the last 200 days.
SMXT Trading at 129.25% 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 -85.99% of loss for the given period.
Volatility was left at 13.09%, however, over the last 30 days, the volatility rate increased by 19.68%, as shares surge +151.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +187.90% upper at present.
During the last 5 trading sessions, SMXT rose by +100.00%, in comparison to the 20-day moving average, which settled at $1.1941. In addition, SolarMax Technology Inc saw -72.19% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SMXT
Current profitability levels for the company are sitting at:
- -1.06 for the present operating margin
- 0.11 for the gross margin
The net margin for SolarMax Technology Inc stands at -1.08. The total capital return value is set at -5.72.
Based on SolarMax Technology Inc (SMXT), the company’s capital structure generated 1.53 points at debt to capital in total, while cash flow to debt ratio is standing at -0.11. The debt to equity ratio resting at -2.9. The interest coverage ratio of the stock is -19.44.
Currently, EBITDA for the company is 3.56 million with net debt to EBITDA at -1.23. When we switch over and look at the enterprise to sales, we see a ratio of 4.72. The receivables turnover for the company is 4.17for trailing twelve months and the total asset turnover is 0.67. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.60.
Conclusion
To sum up, SolarMax Technology Inc (SMXT) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
