Balance Sheet Dive: Solaredge Technologies Inc (SEDG)’s Debt-to-Equity and Long-Term Debt/Eq Ratios

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After finishing at $34.31 in the prior trading day, Solaredge Technologies Inc (NASDAQ: SEDG) closed at $33.01, down -3.79%. In other words, the price has decreased by -$3.79 from its previous closing price. On the day, 6.36 million shares were traded. SEDG stock price reached its highest trading level at $34.2312 during the session, while it also had its lowest trading level at $32.54.

Ratios:

Our goal is to gain a better understanding of SEDG by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.19 and its Current Ratio is at 4.54. In the meantime, Its Debt-to-Equity ratio is 0.33 whereas as Long-Term Debt/Eq ratio is at 0.32.

On May 09, 2024, TD Cowen reiterated its Buy rating and also upped its target price recommendation from $85 to $80.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 29 ’24 when AVERY MORE bought 7,000 shares for $67.75 per share. The transaction valued at 474,250 led to the insider holds 77,446 shares of the business.

AVERY MORE bought 15,300 shares of SEDG for $1,085,632 on Nov 09 ’23. The Director now owns 70,446 shares after completing the transaction at $70.96 per share. On Nov 09 ’23, another insider, GANI MARCEL, who serves as the Director of the company, bought 5,000 shares for $73.49 each. As a result, the insider paid 367,450 and bolstered with 29,049 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SEDG now has a Market Capitalization of 1874753280 and an Enterprise Value of 1940326272. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.85 while its Price-to-Book (P/B) ratio in mrq is 0.84. Its current Enterprise Value per Revenue stands at 0.867 whereas that against EBITDA is -16.972.

Stock Price History:

Over the past 52 weeks, SEDG has reached a high of $288.87, while it has fallen to a 52-week low of $32.82. The 50-Day Moving Average of the stock is -37.15%, while the 200-Day Moving Average is calculated to be -58.54%.

Shares Statistics:

The stock has traded on average 2.18M shares per day over the past 3-months and 3358240 shares per day over the last 10 days, according to various share statistics. A total of 57.12M shares are outstanding, with a floating share count of 56.78M. Insiders hold about 0.90% of the company’s shares, while institutions hold 94.13% stake in the company. Shares short for SEDG as of 1715731200 were 10198664 with a Short Ratio of 5.08, compared to 1713139200 on 8351726. Therefore, it implies a Short% of Shares Outstanding of 10198664 and a Short% of Float of 21.55.

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