Solaredge Technologies Inc (SEDG)’s Market Momentum: Closing Strong at 25.05, Down -1.07

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As of close of business last night, Solaredge Technologies Inc’s stock clocked out at $25.05, down -1.07% from its previous closing price of $25.32. In other words, the price has decreased by -$1.07 from its previous closing price. On the day, 3.26 million shares were traded. SEDG stock price reached its highest trading level at $25.64 during the session, while it also had its lowest trading level at $24.54.

Ratios:

To gain a deeper understanding of SEDG’s stock, we examine its different 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.

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, Scotiabank on June 25, 2024, Reiterated its Sector Perform rating but revised its target price to $46 from $72 previously.

On June 25, 2024, JP Morgan reiterated its Overweight rating and also upped its target price recommendation from $59 to $49.

Canaccord Genuity reiterated its Hold rating for the stock on June 25, 2024, while the target price for the stock was revised from $58 to $38.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 1422677120 and an Enterprise Value of 1484223104. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.64 while its Price-to-Book (P/B) ratio in mrq is 0.63. Its current Enterprise Value per Revenue stands at 0.663 whereas that against EBITDA is -12.983.

Stock Price History:

The Beta on a monthly basis for SEDG is 1.51, which has changed by -0.9054681 over the last 52 weeks, in comparison to a change of 0.26253593 over the same period for the S&P500. Over the past 52 weeks, SEDG has reached a high of $288.87, while it has fallen to a 52-week low of $23.51. The 50-Day Moving Average of the stock is -45.87%, while the 200-Day Moving Average is calculated to be -66.19%.

Shares Statistics:

It appears that SEDG traded 3.10M shares on average per day over the past three months and 7560310 shares per day over the past ten days. A total of 57.12M shares are outstanding, with a floating share count of 56.78M. Insiders hold about 0.90% of the company’s shares, while institutions hold 93.12% stake in the company. Shares short for SEDG as of 1718323200 were 11835494 with a Short Ratio of 3.82, compared to 1715731200 on 10198664. Therefore, it implies a Short% of Shares Outstanding of 11835494 and a Short% of Float of 25.010001999999997.

Earnings Estimates

The firm’s stock currently is rated by 24.0 analysts. On average, analysts expect EPS of -$1.55 for the current quarter, with a high estimate of -$1.16 and a low estimate of -$2.1, while EPS last year was $2.62. The consensus estimate for the next quarter is -$0.87, with high estimates of -$0.18 and low estimates of -$1.78.

Analysts are recommending an EPS of between -$2.72 and -$6.44 for the fiscal current year, implying an average EPS of -$4.53. EPS for the following year is $2.45, with 23.0 analysts recommending between $7.17 and -$2.45.

Revenue Estimates

For the next quarter, 22 analysts are estimating revenue of $377.46M. There is a high estimate of $450.04M for the next quarter, whereas the lowest estimate is $315.84M.

A total of 27 analysts have provided revenue estimates for SEDG’s current fiscal year. The highest revenue estimate was $1.52B, while the lowest revenue estimate was $1.11B, resulting in an average revenue estimate of $1.31B. In the same quarter a year ago, actual revenue was $2.98BBased on 27 analysts’ estimates, the company’s revenue will be $2.16B in the next fiscal year. The high estimate is $2.63B and the low estimate is $1.7B.

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