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Is Solaredge Technologies Inc (SEDG) a good stock to buy now?

Solaredge Technologies Inc (NASDAQ: SEDG) is -42.57% lower on its value in year-to-date trading and has touched a low of $48.82 and a high of $313.55 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 $52.21 in the last trading session, with the day’s gains setting it 1.54%.

Currently trading at $53.75, the stock is -6.03% and -15.43% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.9 million and changing 2.95% at the moment leaves the stock -44.46% off its SMA200. SEDG registered -82.19% loss for a year compared to 6-month loss of -24.44%.

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The stock witnessed a -11.07% gain in the last 1 month and extending the period to 3 months gives it a -29.78%, and is -8.45% 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 7.29% over the week and 5.54% over the month.

Solaredge Technologies Inc (SEDG) has around 5633 employees, a market worth around $3.08B and $2.24B in sales. Fwd P/E is 20.20. Profit margin for the company is -11.68%. Distance from 52-week low is 10.10% and -82.86% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.86%).

The EPS is expected to shrink by -192.96% this year.

Solaredge Technologies Inc (SEDG) Top Institutional Holders

The shares outstanding are 57.12M, and float is at 56.77M with Short Float at 14.25%.

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).

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