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In the latest session, Solaredge Technologies Inc (NASDAQ: SEDG) closed at $52.21 up 5.54% from its previous closing price of $49.47. In other words, the price has increased by $5.54 from its previous closing price. On the day, 3.3 million shares were traded. SEDG stock price reached its highest trading level at $53.0 during the session, while it also had its lowest trading level at $48.82.
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 May 09, 2024, TD Cowen reiterated its Buy rating and also upped its target price recommendation from $85 to $80.
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 2965188608 and an Enterprise Value of 3040474880. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.34 while its Price-to-Book (P/B) ratio in mrq is 1.32. Its current Enterprise Value per Revenue stands at 1.359 whereas that against EBITDA is -26.596.
Stock Price History:
The Beta on a monthly basis for SEDG is 1.63, which has changed by -0.8230889 over the last 52 weeks, in comparison to a change of 0.2704494 over the same period for the S&P500. Over the past 52 weeks, SEDG has reached a high of $315.34, while it has fallen to a 52-week low of $49.12. The 50-Day Moving Average of the stock is -18.26%, while the 200-Day Moving Average is calculated to be -46.57%.
Shares Statistics:
For the past three months, SEDG has traded an average of 2.24M shares per day and 2717890 over the past ten days. A total of 57.12M shares are outstanding, with a floating share count of 56.77M. Insiders hold about 0.92% of the company’s shares, while institutions hold 88.62% stake in the company. Shares short for SEDG as of 1714435200 were 8091631 with a Short Ratio of 3.61, compared to 1711584000 on 8910361. Therefore, it implies a Short% of Shares Outstanding of 8091631 and a Short% of Float of 17.1.
Earnings Estimates
A detailed examination of Solaredge Technologies Inc (SEDG) is currently in progress, with 26.0 analysts providing valuable insights into its market dynamics.On average, analysts expect EPS of -$1.4 for the current quarter, with a high estimate of -$0.65 and a low estimate of -$2.1, while EPS last year was $2.62. The consensus estimate for the next quarter is -$0.63, with high estimates of $0.04 and low estimates of -$1.76.
Analysts are recommending an EPS of between -$0.1 and -$6.38 for the fiscal current year, implying an average EPS of -$3.56. EPS for the following year is $3.31, with 27.0 analysts recommending between $7.17 and -$2.45.
Revenue Estimates
For the next quarter, 25 analysts are estimating revenue of $408.35M. There is a high estimate of $523.86M for the next quarter, whereas the lowest estimate is $320M.
A total of 32 analysts have provided revenue estimates for SEDG’s current fiscal year. The highest revenue estimate was $1.59B, while the lowest revenue estimate was $1.17B, resulting in an average revenue estimate of $1.39B. In the same quarter a year ago, actual revenue was $2.98BBased on 32 analysts’ estimates, the company’s revenue will be $2.32B in the next fiscal year. The high estimate is $3.03B and the low estimate is $1.82B.
