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The closing price of Solaredge Technologies Inc (NASDAQ: SEDG) was $22.02 for the day, down -3.88% from the previous closing price of $22.91. In other words, the price has decreased by -$3.88 from its previous closing price. On the day, 3.1 million shares were traded. SEDG stock price reached its highest trading level at $22.93 during the session, while it also had its lowest trading level at $21.34.
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 2.45 and its Current Ratio is at 5.10. In the meantime, Its Debt-to-Equity ratio is 0.35 whereas as Long-Term Debt/Eq ratio is at 0.34.
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, Jefferies on September 17, 2024, Downgraded its rating to Underperform and sets its target price to $17 from $27 previously.
On September 04, 2024, Jefferies started tracking the stock assigning a Hold rating and target price of $27.
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 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.
GANI MARCEL bought 5,000 shares of SEDG for $367,450 on Nov 09 ’23. The Director now owns 29,049 shares after completing the transaction at $73.49 per share. On Nov 09 ’23, another insider, AVERY MORE, who serves as the Director of the company, bought 15,300 shares for $70.96 each. As a result, the insider paid 1,085,632 and bolstered with 70,446 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 1261732864 and an Enterprise Value of 1301016832. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.83 while its Price-to-Book (P/B) ratio in mrq is 0.60. Its current Enterprise Value per Revenue stands at 0.861 whereas that against EBITDA is -3.119.
Stock Price History:
Over the past 52 weeks, SEDG has reached a high of $130.38, while it has fallen to a 52-week low of $17.12. The 50-Day Moving Average of the stock is -6.27%, while the 200-Day Moving Average is calculated to be -57.56%.
Shares Statistics:
SEDG traded an average of 4.29M shares per day over the past three months and 3493600 shares per day over the past ten days. A total of 57.12M shares are outstanding, with a floating share count of 56.62M. Insiders hold about 1.19% of the company’s shares, while institutions hold 103.90% stake in the company. Shares short for SEDG as of 1726185600 were 18744872 with a Short Ratio of 4.37, compared to 1723680000 on 18902097. Therefore, it implies a Short% of Shares Outstanding of 18744872 and a Short% of Float of 39.189997.
