Solaredge Technologies Inc (NASDAQ: SEDG) is -28.47% lower on its value in year-to-date trading and has touched a low of $60.44 and a high of $322.19 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SEDG stock was last observed hovering at around $66.69 in the last trading session, with the day’s gains setting it 0.26%.
Currently trading at $66.95, the stock is -0.67% and -4.94% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.08 million and changing 0.39% at the moment leaves the stock -45.55% off its SMA200. SEDG registered -75.99% loss for a year compared to 6-month loss of -44.50%. The firm has a 50-day simple moving average (SMA 50) of $1.24 and a 200-day simple moving average (SMA200) of $25.96.
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The stock witnessed a -11.04% gain in the last 1 month and extending the period to 3 months gives it a -15.87%, and is -5.65% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.30% over the week and 5.28% over the month.
Solaredge Technologies Inc (SEDG) has around 5633 employees, a market worth around $3.82B and $2.98B in sales. Current P/E ratio is 151.16 and Fwd P/E is 17.44. Profit margin for the company is 1.15%. Distance from 52-week low is 10.78% and -79.22% from its 52-week high. The company has generated returns on investments over the last 12 months (1.10%).
Solaredge Technologies Inc quarterly earnings per share for the current quarter are estimated at -$1.55 with sales reaching $196.05M over the same period.The EPS is expected to shrink by -149.67% this year, but quarterly earnings will post -48.60% year-over-year. Quarterly sales are estimated to shrink -79.20% in year-over-year returns.
Solaredge Technologies Inc (SEDG) Top Institutional Holders
754 institutions hold shares in Solaredge Technologies Inc (SEDG), with institutional investors hold 102.50% of the company’s shares. The shares outstanding are 57.12M, and float is at 56.60M with Short Float at 13.69%. Institutions hold 101.80% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 5.86 million shares valued at $1.58 billion. The investor’s holdings represent 10.36% of the SEDG Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 2.44 million shares valued at $655.69 million to account for 4.31% of the shares outstanding. The other top investors are State Street Corporation which holds 2.3 million shares representing 4.06% and valued at over $617.83 million, while JP Morgan Chase & Company holds 2.95% of the shares totaling 1.67 million with a market value of $448.77 million.
Solaredge Technologies Inc (SEDG) Insider Activity
The most recent transaction is an insider purchase by AVERY MORE,the company’sDirector. SEC filings show that AVERY MORE bought 7,000 shares of the company’s common stock on Feb 29 ’24 at a price of $67.75 per share for a total of $0.47 million. Following the purchase, the insider now owns 77446.0 shares.
Solaredge Technologies Inc disclosed in a document filed with the SEC on Nov 09 ’23 that AVERY MORE (Director) bought a total of 15,300 shares of the company’s common stock. The trade occurred on Nov 09 ’23 and was made at $70.96 per share for $1.09 million. Following the transaction, the insider now directly holds 70446.0 shares of the SEDG stock.
Still, SEC filings show that on Nov 09 ’23, GANI MARCEL (Director) acquired 5,000 shares at an average price of $73.49 for $0.37 million. The insider now directly holds 29,049 shares of Solaredge Technologies Inc (SEDG).
