Solaredge Technologies Inc (NASDAQ: SEDG) is -84.65% lower on its value in year-to-date trading and has touched a low of $10.24 and a high of $103.15 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 $12.32 in the last trading session, with the day’s gains setting it 2.05%.
Currently trading at $14.37, the stock is 7.18% and -4.65% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.76 million and changing 16.64% at the moment leaves the stock -58.40% off its SMA200. SEDG registered -85.20% loss for a year compared to 6-month loss of -61.24%. The firm has a 50-day simple moving average (SMA 50) of $15.1918 and a 200-day simple moving average (SMA200) of $34.8062.
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The stock witnessed a 35.06% gain in the last 1 month and extending the period to 3 months gives it a -33.75%, and is 1.99% up 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 8.79% over the week and 9.96% over the month.
Solaredge Technologies Inc (SEDG) has around 5633 employees, a market worth around $832.75M and $1.05B in sales. Profit margin for the company is -158.19%. Distance from 52-week low is 40.33% and -86.07% from its 52-week high. The company has generated returns on investments over the last 12 months (-122.07%).
with sales reaching $187.48M over the same period.The EPS is expected to shrink by -553.50% this year, but quarterly earnings will post -69.11% year-over-year. Quarterly sales are estimated to shrink -40.68% in year-over-year returns.
Solaredge Technologies Inc (SEDG) Top Institutional Holders
501.0 institutions hold shares in Solaredge Technologies Inc (SEDG), with institutional investors hold 106.25% of the company’s shares. The shares outstanding are 57.18M, and float is at 56.84M with Short Float at 34.67%. Institutions hold 104.31% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 7.92 million shares valued at $200.01 million. The investor’s holdings represent 13.857% of the SEDG Shares outstanding. As of 2024-06-30, the second largest holder is GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC with 3.34 million shares valued at $84.33 million to account for 5.8424 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 2.75 million shares representing 4.8078% and valued at over $69.39 million, while FMR LLC holds 4.7145 of the shares totaling 2.69 million with a market value of $68.05 million.
Solaredge Technologies Inc (SEDG) Insider Activity
The most recent transaction is an insider purchase by GANI MARCEL, the company’s Director. SEC filings show that GANI MARCEL bought 20,000 shares of the company’s common stock on Nov 13 ’24 at a price of $11.43 per share for a total of $0.23 million. Following the purchase, the insider now owns 53035.0 shares.
Solaredge Technologies Inc disclosed in a document filed with the SEC on Nov 11 ’24 that AVERY MORE (Chairman of the Board) bought a total of 156,000 shares of the company’s common stock. The trade occurred on Nov 11 ’24 and was made at $13.65 per share for $2.13 million. Following the transaction, the insider now directly holds 0.24 million shares of the SEDG stock.
Still, SEC filings show that on Feb 29 ’24, AVERY MORE (Director) acquired 7,000 shares at an average price of $67.75 for $0.47 million. The insider now directly holds 77,446 shares of Solaredge Technologies Inc (SEDG).
