Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The closing price of Solaredge Technologies Inc (NASDAQ: SEDG) was $13.36 for the day, up 1.98% from the previous closing price of $13.10. In other words, the price has increased by $1.98 from its previous closing price. On the day, 3.54 million shares were traded. SEDG stock price reached its highest trading level at $13.97 during the session, while it also had its lowest trading level at $12.33.
Ratios:
Our analysis of SEDG’s different ratios will help us gain a deeper understanding of the company. 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 the company, Citigroup on January 08, 2025, Downgraded its rating to Sell and sets its target price to $9 from $12 previously.
On December 17, 2024, Goldman Upgraded its rating to Buy which previously was Sell and also upped its target price recommendation from $10 to $19.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 13 ’24 when GANI MARCEL bought 20,000 shares for $11.43 per share. The transaction valued at 228,648 led to the insider holds 53,035 shares of the business.
AVERY MORE bought 156,000 shares of SEDG for $2,129,400 on Nov 11 ’24. The Chairman of the Board now owns 244,478 shares after completing the transaction at $13.65 per share. On Feb 29 ’24, another insider, AVERY MORE, who serves as the Director of the company, bought 7,000 shares for $67.75 each. As a result, the insider paid 474,250 and bolstered with 77,446 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 774213312 and an Enterprise Value of 853883776. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.74 while its Price-to-Book (P/B) ratio in mrq is 0.80. Its current Enterprise Value per Revenue stands at 0.816 whereas that against EBITDA is -0.682.
Stock Price History:
The Beta on a monthly basis for SEDG is 1.56, which has changed by -0.80558026 over the last 52 weeks, in comparison to a change of 0.21926713 over the same period for the S&P500. Over the past 52 weeks, SEDG has reached a high of $87.98, while it has fallen to a 52-week low of $10.24. The 50-Day Moving Average of the stock is -3.94%, while the 200-Day Moving Average is calculated to be -49.67%.
Shares Statistics:
SEDG traded an average of 5.30M shares per day over the past three months and 3486260 shares per day over the past ten days. A total of 57.18M shares are outstanding, with a floating share count of 56.59M. Insiders hold about 2.35% of the company’s shares, while institutions hold 97.44% stake in the company. Shares short for SEDG as of 1736899200 were 22508696 with a Short Ratio of 4.25, compared to 1734048000 on 22011210. Therefore, it implies a Short% of Shares Outstanding of 22508696 and a Short% of Float of 46.43.