Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The price of Solaredge Technologies Inc (NASDAQ: SEDG) closed at $60.45 in the last session, up 1.32% from day before closing price of $59.66. In other words, the price has increased by $1.32 from its previous closing price. On the day, 1.85 million shares were traded. SEDG stock price reached its highest trading level at $64.04 during the session, while it also had its lowest trading level at $60.0.
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 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:
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 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 3466284800 and an Enterprise Value of 3328530176. As of this moment, Solaredge’s Price-to-Earnings (P/E) ratio for their current fiscal year is 136.49, and their Forward P/E ratio for the next fiscal year is 17.40. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 48.31. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.16 while its Price-to-Book (P/B) ratio in mrq is 1.43. Its current Enterprise Value per Revenue stands at 1.118 whereas that against EBITDA is 17.62.
Stock Price History:
Over the past 52 weeks, SEDG has reached a high of $315.34, while it has fallen to a 52-week low of $53.59. The 50-Day Moving Average of the stock is -7.32%, while the 200-Day Moving Average is calculated to be -41.79%.
Shares Statistics:
According to the various share statistics, SEDG traded on average about 2.21M shares per day over the past 3-months and 1987820 shares per day over the past 10 days. 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 90.06% stake in the company. Shares short for SEDG as of 1713139200 were 8351726 with a Short Ratio of 3.78, compared to 1710460800 on 7750333. Therefore, it implies a Short% of Shares Outstanding of 8351726 and a Short% of Float of 17.459999.
