Market Update: Solaredge Technologies Inc (SEDG) Sees Positive Movement, Closing at 52.21

Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.

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.

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