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In the latest session, Solaredge Technologies Inc (NASDAQ: SEDG) closed at $13.53 down -9.07% from its previous closing price of $14.88. In other words, the price has decreased by -$9.07 from its previous closing price. On the day, 7.87 million shares were traded. SEDG stock price reached its highest trading level at $14.69 during the session, while it also had its lowest trading level at $13.195.
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 1.46 and its Current Ratio is at 2.34. In the meantime, Its Debt-to-Equity ratio is 0.79 whereas as Long-Term Debt/Eq ratio is at 0.42.
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 this company, TD Cowen on November 07, 2024, Reiterated its Hold rating but revised its target price to $11 from $16 previously.
On November 07, 2024, Piper Sandler Downgraded its rating to Underweight which previously was Neutral and also lowered its target price recommendation from $17 to $9.
Mizuho Downgraded its Outperform to Neutral on November 07, 2024, whereas the target price for the stock was revised from $35 to $11.
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.
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 784064832 and an Enterprise Value of 863735296. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.68 while its Price-to-Book (P/B) ratio in mrq is 0.81. Its current Enterprise Value per Revenue stands at 0.825 whereas that against EBITDA is -0.69.
Stock Price History:
Over the past 52 weeks, SEDG has reached a high of $103.15, while it has fallen to a 52-week low of $12.38. The 50-Day Moving Average of the stock is -29.25%, while the 200-Day Moving Average is calculated to be -68.01%.
Shares Statistics:
For the past three months, SEDG has traded an average of 4.15M shares per day and 6625210 over the past ten days. A total of 57.95M shares are outstanding, with a floating share count of 57.26M. Insiders hold about 1.19% of the company’s shares, while institutions hold 101.38% stake in the company. Shares short for SEDG as of 1728950400 were 16589949 with a Short Ratio of 3.99, compared to 1726185600 on 18744872. Therefore, it implies a Short% of Shares Outstanding of 16589949 and a Short% of Float of 34.69.
