Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
After finishing at $57.39 in the prior trading day, Solaredge Technologies Inc (NASDAQ: SEDG) closed at $55.80, down -2.77%. In other words, the price has decreased by -$2.77 from its previous closing price. On the day, 2.37 million shares were traded. SEDG stock price reached its highest trading level at $58.33 during the session, while it also had its lowest trading level at $55.37.
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 2.08 and its Current Ratio is at 3.70. In the meantime, Its Debt-to-Equity ratio is 0.30 whereas as Long-Term Debt/Eq ratio is at 0.30.
TD Cowen reiterated its Outperform rating for the stock on February 21, 2024, while the target price for the stock was revised from $120 to $100.
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 3187630848 and an Enterprise Value of 3062894080. As of this moment, Solaredge’s Price-to-Earnings (P/E) ratio for their current fiscal year is 125.99, and their Forward P/E ratio for the next fiscal year is 15.19. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 44.60. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.07 while its Price-to-Book (P/B) ratio in mrq is 1.32. Its current Enterprise Value per Revenue stands at 1.029 whereas that against EBITDA is 16.214.
Stock Price History:
The Beta on a monthly basis for SEDG is 1.54, which has changed by -0.8247763 over the last 52 weeks, in comparison to a change of 0.2006725 over the same period for the S&P500. Over the past 52 weeks, SEDG has reached a high of $321.61, while it has fallen to a 52-week low of $57.06. The 50-Day Moving Average of the stock is -20.00%, while the 200-Day Moving Average is calculated to be -51.22%.
Shares Statistics:
The stock has traded on average 2.31M shares per day over the past 3-months and 1845210 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 56.60M. Insiders hold about 0.92% of the company’s shares, while institutions hold 91.69% stake in the company. Shares short for SEDG as of 1711584000 were 8910361 with a Short Ratio of 3.86, compared to 1709164800 on 7924032. Therefore, it implies a Short% of Shares Outstanding of 8910361 and a Short% of Float of 15.709999999999999.
