The public float for SMXT is 27.84M, and currently, short sellers hold a 1.33% ratio of that float. The average trading volume of SMXT on December 10, 2024 was 371.13K shares.
SMXT) stock’s latest price update
SolarMax Technology Inc (NASDAQ: SMXT) has experienced a decline in its stock price by -11.21 compared to its previous closing price of 2.32. However, the company has seen a gain of 13.19% in its stock price over the last five trading days. 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.
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SMXT’s Market Performance
SolarMax Technology Inc (SMXT) has seen a 13.19% rise in stock performance for the week, with a 123.79% gain in the past month and a 85.59% surge in the past quarter. The volatility ratio for the week is 27.18%, and the volatility levels for the past 30 days are at 17.71% for SMXT. The simple moving average for the last 20 days is 41.92% for SMXT’s stock, with a simple moving average of -57.00% for the last 200 days.
SMXT Trading at 88.29% 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 -87.03% of loss for the given period.
Volatility was left at 17.71%, however, over the last 30 days, the volatility rate increased by 27.18%, as shares surge +113.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +210.66% upper at present.
During the last 5 trading sessions, SMXT rose by +13.19%, in comparison to the 20-day moving average, which settled at $1.45. In addition, SolarMax Technology Inc saw -74.25% 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 4.44. 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 put it simply, SolarMax Technology Inc (SMXT) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
