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In the latest session, Solaredge Technologies Inc (NASDAQ: SEDG) closed at $26.79 down -15.36% from its previous closing price of $31.65. In other words, the price has decreased by -$15.36 from its previous closing price. On the day, 9.37 million shares were traded. SEDG stock price reached its highest trading level at $29.25 during the session, while it also had its lowest trading level at $26.76.
Ratios:
For a deeper understanding of Solaredge Technologies Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.19 and its Current Ratio is at 4.54. In the meantime, Its Debt-to-Equity ratio is 0.33 whereas as Long-Term Debt/Eq ratio is at 0.32.
On June 25, 2024, Scotiabank reiterated its Sector Perform rating and also upped its target price recommendation from $72 to $46.
JP Morgan reiterated its Overweight rating for the stock on June 25, 2024, while the target price for the stock was revised from $59 to $49.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 1521497856 and an Enterprise Value of 1862399104. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.69 while its Price-to-Book (P/B) ratio in mrq is 0.68. Its current Enterprise Value per Revenue stands at 0.833 whereas that against EBITDA is -16.291.
Stock Price History:
The Beta on a monthly basis for SEDG is 1.54, which has changed by -0.8845565 over the last 52 weeks, in comparison to a change of 0.23279357 over the same period for the S&P500. Over the past 52 weeks, SEDG has reached a high of $288.87, while it has fallen to a 52-week low of $23.51. The 50-Day Moving Average of the stock is -37.30%, while the 200-Day Moving Average is calculated to be -62.19%.
Shares Statistics:
For the past three months, SEDG has traded an average of 3.64M shares per day and 6036260 over the past ten days. A total of 57.12M shares are outstanding, with a floating share count of 56.78M. Insiders hold about 0.90% of the company’s shares, while institutions hold 93.37% stake in the company. Shares short for SEDG as of 1719532800 were 16119084 with a Short Ratio of 4.43, compared to 1717113600 on 11094305. Therefore, it implies a Short% of Shares Outstanding of 16119084 and a Short% of Float of 34.06.
