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As of close of business last night, Solaredge Technologies Inc’s stock clocked out at $16.11, up 5.60% from its previous closing price of $15.26. In other words, the price has increased by $5.60 from its previous closing price. On the day, 4.66 million shares were traded. SEDG stock price reached its highest trading level at $16.24 during the session, while it also had its lowest trading level at $15.13.
Ratios:
To gain a deeper understanding of SEDG’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.45 and its Current Ratio is at 5.10. In the meantime, Its Debt-to-Equity ratio is 0.35 whereas as Long-Term Debt/Eq ratio is at 0.34.
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, TD Cowen on October 21, 2024, Downgraded its rating to Hold and sets its target price to $16 from $35 previously.
On October 17, 2024, Guggenheim Downgraded its rating to Sell which previously was Neutral but kept the price unchanged to $10.
Jefferies Downgraded its Hold to Underperform on September 17, 2024, whereas the target price for the stock was revised from $27 to $17.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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.
GANI MARCEL bought 5,000 shares of SEDG for $367,450 on Nov 09 ’23. The Director now owns 29,049 shares after completing the transaction at $73.49 per share. On Nov 09 ’23, another insider, AVERY MORE, who serves as the Director of the company, bought 15,300 shares for $70.96 each. As a result, the insider paid 1,085,632 and bolstered with 70,446 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 923093376 and an Enterprise Value of 962377408. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.61 while its Price-to-Book (P/B) ratio in mrq is 0.44. Its current Enterprise Value per Revenue stands at 0.637 whereas that against EBITDA is -2.307.
Stock Price History:
Over the past 52 weeks, SEDG has reached a high of $103.15, while it has fallen to a 52-week low of $14.82. The 50-Day Moving Average of the stock is -23.48%, while the 200-Day Moving Average is calculated to be -64.23%.
Shares Statistics:
It appears that SEDG traded 3.68M shares on average per day over the past three months and 4440830 shares per day over the past ten days. A total of 57.12M shares are outstanding, with a floating share count of 56.62M. Insiders hold about 1.19% of the company’s shares, while institutions hold 101.50% stake in the company. Shares short for SEDG as of 1728950400 were 16589949 with a Short Ratio of 4.51, compared to 1726185600 on 18744872. Therefore, it implies a Short% of Shares Outstanding of 16589949 and a Short% of Float of 34.69.
