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After finishing at $12.83 in the prior trading day, Solaredge Technologies Inc (NASDAQ: SEDG) closed at $10.64, down -17.07%. In other words, the price has decreased by -$17.07 from its previous closing price. On the day, 9.33 million shares were traded. SEDG stock price reached its highest trading level at $12.96 during the session, while it also had its lowest trading level at $10.55.
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 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, Morgan Stanley on November 15, 2024, Downgraded its rating to Underweight and sets its target price to $9 from $23 previously.
On November 07, 2024, TD Cowen reiterated its Hold rating and also upped its target price recommendation from $16 to $11.
Piper Sandler Downgraded its Neutral to Underweight on November 07, 2024, whereas the target price for the stock was revised from $17 to $9.
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 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 616589056 and an Enterprise Value of 696259456. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.49 while its Price-to-Book (P/B) ratio in mrq is 0.64. Its current Enterprise Value per Revenue stands at 0.665 whereas that against EBITDA is -0.556.
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 $11.02. The 50-Day Moving Average of the stock is -41.50%, while the 200-Day Moving Average is calculated to be -73.97%.
Shares Statistics:
The stock has traded on average 4.36M shares per day over the past 3-months and 8951720 shares per day over the last 10 days, according to various share statistics. A total of 57.95M shares are outstanding, with a floating share count of 57.24M. Insiders hold about 1.23% of the company’s shares, while institutions hold 100.74% stake in the company. Shares short for SEDG as of 1730332800 were 19162008 with a Short Ratio of 4.40, compared to 1727654400 on 16491815. Therefore, it implies a Short% of Shares Outstanding of 19162008 and a Short% of Float of 40.160000000000004.
