Solaredge Technologies Inc (SEDG)’s liquidity ratios and what they mean

The price of Solaredge Technologies Inc (NASDAQ: SEDG) closed at $67.35 in the last session, down -3.69% from day before closing price of $69.93. In other words, the price has decreased by -$2.58 from its previous closing price. On the day, 3264832 shares were traded. SEDG stock price reached its highest trading level at $69.84 during the session, while it also had its lowest trading level at $65.55.

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We take a closer look at SEDG’s different ratios to gain a better understanding of the stock. 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.

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 February 21, 2024, Reiterated its Outperform rating but revised its target price to $100 from $120 previously.

On February 14, 2024, RBC Capital Mkts started tracking the stock assigning a Sector Perform rating and target price of $85.

Barclays Downgraded its Equal Weight to Underweight on January 17, 2024, whereas the target price for the stock was revised from $74 to $50.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 09 when AVERY MORE bought 15,300 shares for $70.96 per share. The transaction valued at 1,085,632 led to the insider holds 70,446 shares of the business.

GANI MARCEL bought 5,000 shares of SEDG for $367,450 on Nov 09. The Director now owns 29,049 shares after completing the transaction at $73.49 per share. On Aug 09, another insider, Faier Ronen, who serves as the Chief Financial Officer of the company, bought 875 shares for $180.10 each. As a result, the insider paid 157,588 and bolstered with 73,414 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 3.85B and an Enterprise Value of 3.70B. As of this moment, Solaredge’s Price-to-Earnings (P/E) ratio for their current fiscal year is 151.04, and their Forward P/E ratio for the next fiscal year is 16.82. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.29 while its Price-to-Book (P/B) ratio in mrq is 1.60. Its current Enterprise Value per Revenue stands at 1.24 whereas that against EBITDA is 38.00.

Stock Price History:

Over the past 52 weeks, SEDG has reached a high of $339.50, while it has fallen to a 52-week low of $63.25. The 50-Day Moving Average of the stock is 79.97, while the 200-Day Moving Average is calculated to be 155.16.

Shares Statistics:

According to the various share statistics, SEDG traded on average about 3.17M shares per day over the past 3-months and 3.36M shares per day over the past 10 days. A total of 57.12M shares are outstanding, with a floating share count of 56.29M. Insiders hold about 0.92% of the company’s shares, while institutions hold 92.94% stake in the company. Shares short for SEDG as of Jan 31, 2024 were 8.6M with a Short Ratio of 2.71, compared to 7.96M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 15.13% and a Short% of Float of 15.25%.

Earnings Estimates

The company has 27 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$1.2 for the current quarter, with a high estimate of $3.3 and a low estimate of -$2.2, while EPS last year was $2.9. The consensus estimate for the next quarter is -$0.63, with high estimates of $3.23 and low estimates of -$1.45.

Analysts are recommending an EPS of between $13.82 and -$4.58 for the fiscal current year, implying an average EPS of -$0.89. EPS for the following year is $4.81, with 28 analysts recommending between $16.22 and -$3.92.

Revenue Estimates

According to 26 analysts, the current quarter’s revenue is expected to be $261.06M. It ranges from a high estimate of $1.16B to a low estimate of $177.25M. As of the current estimate, Solaredge Technologies Inc’s year-ago sales were $943.89M, an estimated decrease of -72.30% from the year-ago figure.

A total of 34 analysts have provided revenue estimates for SEDG’s current fiscal year. The highest revenue estimate was $4.93B, while the lowest revenue estimate was $1.25B, resulting in an average revenue estimate of $1.73B. In the same quarter a year ago, actual revenue was $2.98B, down -41.70% from the average estimate. Based on 32 analysts’ estimates, the company’s revenue will be $2.61B in the next fiscal year. The high estimate is $5.58B and the low estimate is $1.39B. The average revenue growth estimate for next year is up 50.70% from the average revenue estimate for this year.

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