The stock price of SolarEdge Technologies Inc. (NASDAQ: SEDG) has surged by 3.04 when compared to previous closing price of 136.22, but the company has seen a -6.97% decline in its stock price over the last five trading sessions. InvestorPlace reported 2023-09-18 that While wading through difficult waters, investors would be wise to lean into stocks to buy that come with Wall Street’s seal of approval. Let’s face it: while analysts and experts occasionally miss the mark, more often than not, they nail it.
Is It Worth Investing in SolarEdge Technologies Inc. (NASDAQ: SEDG) Right Now?
SolarEdge Technologies Inc. (NASDAQ: SEDG) has a price-to-earnings ratio that is above its average at 27.15x. and a 36-month beta value of 1.42. Opinions on the stock are mixed, with 22 analysts rating it as a “buy,” 5 as “overweight,” 7 as “hold,” and 1 as “sell.”
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The average price predicted for SolarEdge Technologies Inc. (SEDG) by analysts is $281.04, which is $146.08 above the current market price. The public float for SEDG is 56.23M, and at present, short sellers hold a 7.48% of that float. On September 19, 2023, the average trading volume of SEDG was 1.62M shares.
SEDG’s Market Performance
SEDG stock saw a decrease of -6.97% in the past week, with a monthly decline of -13.54% and a quarterly a decrease of -45.03%. The volatility ratio for the week is 4.00%, and the volatility levels for the last 30 days are 3.58% for SolarEdge Technologies Inc. (SEDG). The simple moving average for the last 20 days is -9.84% for SEDG stock, with a simple moving average of -48.35% for the last 200 days.
Analysts’ Opinion of SEDG
Many brokerage firms have already submitted their reports for SEDG stocks, with BofA Securities repeating the rating for SEDG by listing it as a “Neutral.” The predicted price for SEDG in the upcoming period, according to BofA Securities is $181 based on the research report published on August 16, 2023 of the current year 2023.
SEDG Trading at -28.69% 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 -59.41% of loss for the given period.
Volatility was left at 3.58%, however, over the last 30 days, the volatility rate increased by 4.00%, as shares sank -14.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -47.30% lower at present.
During the last 5 trading sessions, SEDG fell by -7.44%, which changed the moving average for the period of 200-days by -53.27% in comparison to the 20-day moving average, which settled at $154.51. In addition, SolarEdge Technologies Inc. saw -50.45% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SEDG starting from Faier Ronen, who purchase 875 shares at the price of $180.10 back on Aug 09. After this action, Faier Ronen now owns 73,414 shares of SolarEdge Technologies Inc., valued at $157,588 using the latest closing price.
Adest Meir, the VP, Core Technologies of SolarEdge Technologies Inc., sale 300 shares at $302.17 during a trade that took place back on Jun 02, which means that Adest Meir is holding 126,624 shares at $90,650 based on the most recent closing price.
Stock Fundamentals for SEDG
Current profitability levels for the company are sitting at:
- +9.31 for the present operating margin
- +27.18 for the gross margin
The net margin for SolarEdge Technologies Inc. stands at +3.02. The total capital return value is set at 11.73, while invested capital returns managed to touch 3.83. Equity return is now at value 13.30, with 7.00 for asset returns.
Based on SolarEdge Technologies Inc. (SEDG), the company’s capital structure generated 33.80 points at debt to equity in total, while total debt to capital is 25.26. Total debt to assets is 17.24, with long-term debt to equity ratio resting at 32.90. Finally, the long-term debt to capital ratio is 24.59.
When we switch over and look at the enterprise to sales, we see a ratio of 2.02, with the company’s debt to enterprise value settled at 0.05. The receivables turnover for the company is 3.66 and the total asset turnover is 0.87. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.26.
Conclusion
To sum up, SolarEdge Technologies Inc. (SEDG) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
