After The Stock Rose 7.44% Over The Week, Is SolarMax Technology Inc (NASDAQ: SMXT) Still A Buy?

SolarMax Technology Inc (NASDAQ:SMXT)’s traded shares stood at 0.41 million during the last session, with the company’s beta value hitting 1.17. At the close of trading, the stock’s price was $1.30, to imply an increase of 9.70% or $0.12 in intraday trading. The SMXT share’s 52-week high remains $15.88, putting it -1121.54% down since that peak but still an impressive 53.85% since price per share fell to its 52-week low of $0.60. The company has a valuation of $58.87M, with an average of 0.15 million shares in intraday trading volume over the past 10 days and average of 228.59K shares over the past 3 months.

SolarMax Technology Inc (NASDAQ:SMXT) trade information

After registering a 9.70% upside in the last session, SolarMax Technology Inc (SMXT) has traded red over the past five days. The 5-day price performance for the stock is 7.44%, and 16.59% over 30 days. With these gigs, the year-to-date price performance is -19.75%. Short interest in SolarMax Technology Inc (NASDAQ:SMXT) saw shorts transact 0.88 million shares and set a 3.82 days time to cover.

SMXT Dividends

SolarMax Technology Inc has its next earnings report out in April. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

SolarMax Technology Inc (NASDAQ:SMXT)’s Major holders

SolarMax Technology Inc insiders hold 33.48% of total outstanding shares, with institutional holders owning 6.52% of the shares at 9.81% float percentage. In total, 6.52% institutions holds shares in the company, led by MORGAN STANLEY. As of 2024-06-30, the company held over 0.17 million shares (or 0.3679% of shares), all amounting to roughly $0.54 million.

The next major institution holding the largest number of shares is HRT FINANCIAL LP with 58597.0 shares, or about 0.1302% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $0.19 million.

We also have iShares Russell 2000 ETF and Fidelity Small Cap Index Fund as the top two Mutual Funds with the largest holdings of the SolarMax Technology Inc (SMXT) shares. Going by data provided on Dec 31, 2024 , iShares Russell 2000 ETF holds roughly 491.23 shares. This is just over 1.08% of the total shares, with a market valuation of $0.64 million. Data from the same date shows that the other fund manager holds a little less at 297.33, or 0.66% of the shares, all valued at about 0.39 million.