Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The price of Solaredge Technologies Inc (NASDAQ: SEDG) closed at $19.63 in the last session, up 15.95% from day before closing price of $16.93. In other words, the price has increased by $15.95 from its previous closing price. On the day, 30.84 million shares were traded.
Ratios:
We take a closer look at SEDG’s different ratios to gain a better understanding of the stock. 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, Citigroup on January 08, 2025, Downgraded its rating to Sell and sets its target price to $9 from $12 previously.
On December 17, 2024, Goldman Upgraded its rating to Buy which previously was Sell and also upped its target price recommendation from $10 to $19.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 1.09 while its Price-to-Book (P/B) ratio in mrq is 1.17.
Stock Price History:
Over the past 52 weeks, SEDG has reached a high of $84.69, while it has fallen to a 52-week low of $10.24. The 50-Day Moving Average of the stock is 37.34%, while the 200-Day Moving Average is calculated to be -18.91%.
Shares Statistics:
A total of 57.18M shares are outstanding, with a floating share count of 56.45M. Insiders hold about 2.59% of the company’s shares, while institutions hold 100.78% stake in the company.
