After finishing at $65.35 in the prior trading day, Solaredge Technologies Inc (NASDAQ: SEDG) closed at $60.44, down -7.51%. On the day, 2165176 shares were traded.
Ratios:
Our goal is to gain a better understanding of SEDG by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.08 and its Current Ratio is at 3.70. In the meantime, Its Debt-to-Equity ratio is 0.30 whereas as Long-Term Debt/Eq ratio is at 0.30.
On February 21, 2024, TD Cowen reiterated its Outperform rating and also upped its target price recommendation from $120 to $100.
On February 14, 2024, RBC Capital Mkts started tracking the stock assigning a Sector Perform rating and target price of $85.RBC Capital Mkts initiated its Sector Perform rating on February 14, 2024, with a $85 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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:
As of this moment, Solaredge’s Price-to-Earnings (P/E) ratio for their current fiscal year is 136.46, and their Forward P/E ratio for the next fiscal year is 16.01. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 48.31. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.16 while its Price-to-Book (P/B) ratio in mrq is 1.43.
Stock Price History:
Over the past 52 weeks, SEDG has reached a high of $322.19, while it has fallen to a 52-week low of $60.44.
Shares Statistics:
A total of 57.12M shares are outstanding, with a floating share count of 56.60M. Insiders hold about 0.92% of the company’s shares, while institutions hold 91.79% stake in the company.
Earnings Estimates
Its stock is currently analyzed by SolarEdge Technologies, Inc. different market analysts. The consensus estimate for the next quarter is $35.32, with high estimates of $21.07 and low estimates of $29.97.
