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Is a Correction Looming Ahead for SolarEdge Technologies Inc. (SEDG)

SolarEdge Technologies Inc. (NASDAQ:SEDG) went down by -19.13% from its latest closing price compared to the recent 1-year high of $389.71. The company’s stock price has collected -9.12% of loss in the last five trading sessions. Barron’s reported 12 hours ago that SolarEdge Stock Tumbles. Why Analysts Think the Pain Will Be Over Soon.

Is It Worth Investing in SolarEdge Technologies Inc. (NASDAQ :SEDG) Right Now?

SolarEdge Technologies Inc. (NASDAQ:SEDG) scored a price-to-earnings ratio above its average ratio, recording 94.93 x from its present earnings ratio. Plus, the 36-month beta value for SEDG is at 1.11. Opinions of the stock are interesting as 19 analysts out of 26 who provided ratings for SolarEdge Technologies Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 4 rated it as “hold,” and 1 as “sell.”

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The average price from analysts is $359.75, which is $52.44 above the current price. SEDG currently public float of 52.27M and currently shorts hold a 3.44% ratio of that float. Today, the average trading volume of SEDG was 896.08K shares.

SEDG’s Market Performance

SEDG stocks went down by -9.12% for the week, with a monthly jump of 8.94% and a quarterly performance of 12.51%, while its annual performance rate touched -1.43%. The volatility ratio for the week stands at 8.67% while the volatility levels for the past 30 days are set at 6.49% for SolarEdge Technologies Inc. The simple moving average for the period of the last 20 days is -1.42% for SEDG stocks with a simple moving average of 1.94% for the last 200 days.

Analysts’ Opinion of SEDG

Many brokerage firms have already submitted their reports for SEDG stocks, with Oppenheimer repeating the rating for SEDG by listing it as a “Outperform.” The predicted price for SEDG in the upcoming period, according to Oppenheimer is $334 based on the research report published on June 02nd of the current year 2022.

Truist, on the other hand, stated in their research note that they expect to see SEDG reach a price target of $340. The rating they have provided for SEDG stocks is “Buy” according to the report published on May 02nd, 2022.

Stephens gave a rating of “Overweight” to SEDG, setting the target price at $490 in the report published on April 14th of the current year.

SEDG Trading at 3.15% from the 50-Day Moving Average

After a stumble in the market that brought SEDG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -24.17% of loss for the given period.

Volatility was left at 6.49%, however, over the last 30 days, the volatility rate increased by 8.67%, as shares surge +9.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.07% upper at present.

During the last 5 trading sessions, SEDG fell by -9.12%, which changed the moving average for the period of 200-days by -1.33% in comparison to the 20-day moving average, which settled at $301.08. In addition, SolarEdge Technologies Inc. saw 5.33% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at SEDG starting from Adest Meir, who sale 6,252 shares at the price of $321.08 back on Jul 27. After this action, Adest Meir now owns 176,057 shares of SolarEdge Technologies Inc., valued at $2,007,410 using the latest closing price.

Adest Meir, the VP, Core Technologies of SolarEdge Technologies Inc., sale 1,352 shares at $300.68 during a trade that took place back on Jul 26, which means that Adest Meir is holding 182,309 shares at $406,519 based on the most recent closing price.

Stock Fundamentals for SEDG

Current profitability levels for the company are sitting at:

  • +10.48 for the present operating margin
  • +32.03 for the gross margin

The net margin for SolarEdge Technologies Inc. stands at +8.61.

The liquidity ratio also appears to be rather interesting for investors as it stands at 3.26.

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