For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
The closing price of Solaredge Technologies Inc (NASDAQ: SEDG) was $14.83 for the day, down -0.34% from the previous closing price of $14.88. In other words, the price has decreased by -$0.34 from its previous closing price. On the day, 1.7 million shares were traded. SEDG stock price reached its highest trading level at $15.16 during the session, while it also had its lowest trading level at $14.29.
Ratios:
Our analysis of SEDG’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.46 and its Current Ratio is at 2.34. In the meantime, Its Debt-to-Equity ratio is 0.79 whereas as Long-Term Debt/Eq ratio is at 0.42.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Goldman on December 17, 2024, Upgraded its rating to Buy and sets its target price to $19 from $10 previously.
Morgan Stanley Downgraded its Equal-Weight to Underweight on November 15, 2024, whereas the target price for the stock was revised from $23 to $9.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 13 ’24 when GANI MARCEL bought 20,000 shares for $11.43 per share. The transaction valued at 228,648 led to the insider holds 53,035 shares of the business.
AVERY MORE bought 156,000 shares of SEDG for $2,129,400 on Nov 11 ’24. The Chairman of the Board now owns 244,478 shares after completing the transaction at $13.65 per share. On Feb 29 ’24, another insider, AVERY MORE, who serves as the Director of the company, bought 7,000 shares for $67.75 each. As a result, the insider paid 474,250 and bolstered with 77,446 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 859400000 and an Enterprise Value of 935593472. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.82 while its Price-to-Book (P/B) ratio in mrq is 0.89. Its current Enterprise Value per Revenue stands at 0.894 whereas that against EBITDA is -0.747.
Stock Price History:
Over the past 52 weeks, SEDG has reached a high of $98.50, while it has fallen to a 52-week low of $10.24. The 50-Day Moving Average of the stock is 1.45%, while the 200-Day Moving Average is calculated to be -55.17%.
Shares Statistics:
SEDG traded an average of 5.08M shares per day over the past three months and 5585870 shares per day over the past ten days. A total of 57.18M shares are outstanding, with a floating share count of 56.84M. Insiders hold about 1.91% of the company’s shares, while institutions hold 100.79% stake in the company. Shares short for SEDG as of 1732838400 were 19704363 with a Short Ratio of 4.33, compared to 1730332800 on 19162008. Therefore, it implies a Short% of Shares Outstanding of 19704363 and a Short% of Float of 40.64.
