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Solaredge Technologies Inc (NASDAQ: SEDG) closed the day trading at $20.37 down -3.92% from the previous closing price of $21.20. In other words, the price has decreased by -$3.92 from its previous closing price. On the day, 3.84 million shares were traded. SEDG stock price reached its highest trading level at $21.15 during the session, while it also had its lowest trading level at $20.05.
Ratios:
For a better understanding of SEDG, let’s look at 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, Jefferies on September 17, 2024, Downgraded its rating to Underperform and sets its target price to $17 from $27 previously.
On September 04, 2024, Jefferies started tracking the stock assigning a Hold rating and target price of $27.
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.
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 1167188864 and an Enterprise Value of 1206472832. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.77 while its Price-to-Book (P/B) ratio in mrq is 0.55. Its current Enterprise Value per Revenue stands at 0.798 whereas that against EBITDA is -2.892.
Stock Price History:
Over the past 52 weeks, SEDG has reached a high of $141.70, while it has fallen to a 52-week low of $17.12. The 50-Day Moving Average of the stock is -16.77%, while the 200-Day Moving Average is calculated to be -62.23%.
Shares Statistics:
Over the past 3-months, SEDG traded about 4.94M shares per day on average, while over the past 10 days, SEDG traded about 4685350 shares per day. A total of 57.12M shares are outstanding, with a floating share count of 56.62M. Insiders hold about 1.23% of the company’s shares, while institutions hold 104.02% stake in the company. Shares short for SEDG as of 1724976000 were 17258519 with a Short Ratio of 3.49, compared to 1722384000 on 18862338. Therefore, it implies a Short% of Shares Outstanding of 17258519 and a Short% of Float of 36.080003.
