Solaredge Technologies Inc (SEDG) Stock: A SWOT Analysis

The price-to-earnings ratio for Solaredge Technologies Inc (NASDAQ: SEDG) is above average at 154.41x, Company’s 36-month beta value is 1.49.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 1 as “sell.”

The public float for SEDG is 56.60M, and currently, short sellers hold a 13.69% ratio of that floaft. The average trading volume of SEDG on April 04, 2024 was 2.54M shares.

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SEDG) stock’s latest price update

The stock of Solaredge Technologies Inc (NASDAQ: SEDG) has increased by 2.24 when compared to last closing price of 66.89.Despite this, the company has seen a gain of 7.82% in its stock price over the last five trading days. MarketBeat reported 2024-04-03 that The momentum trade has been exhausted by the large-capitalization stocks in the market, especially those in the technology sector, as names like Nvidia Co. NASDAQ: NVDA keep making new all-time highs. For this reason, quants at PGIM believe that Wall Street may soon rotate into small-capitalization stocks to squeeze further returns.

SEDG’s Market Performance

Solaredge Technologies Inc (SEDG) has experienced a 7.82% rise in stock performance for the past week, with a 1.98% rise in the past month, and a -25.42% drop in the past quarter. The volatility ratio for the week is 5.71%, and the volatility levels for the past 30 days are at 5.27% for SEDG. The simple moving average for the last 20 days is 0.77% for SEDG’s stock, with a simple moving average of -45.71% for the last 200 days.

Analysts’ Opinion of SEDG

TD Cowen, on the other hand, stated in their research note that they expect to see SEDG reach a price target of $100, previously predicting the price at $120. The rating they have provided for SEDG stocks is “Outperform” according to the report published on February 21st, 2024.

RBC Capital Mkts gave a rating of “Sector Perform” to SEDG, setting the target price at $85 in the report published on February 14th of the current year.

SEDG Trading at -3.17% 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 -78.77% of loss for the given period.

Volatility was left at 5.27%, however, over the last 30 days, the volatility rate increased by 5.71%, as shares surge +1.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.82% lower at present.

During the last 5 trading sessions, SEDG rose by +7.82%, which changed the moving average for the period of 200-days by -75.35% in comparison to the 20-day moving average, which settled at $67.91. In addition, Solaredge Technologies Inc saw -26.93% 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 AVERY MORE, who purchase 7,000 shares at the price of $67.75 back on Feb 29 ’24. After this action, AVERY MORE now owns 77,446 shares of Solaredge Technologies Inc, valued at $474,250 using the latest closing price.

AVERY MORE, the Director of Solaredge Technologies Inc, purchase 15,300 shares at $70.96 during a trade that took place back on Nov 09 ’23, which means that AVERY MORE is holding 70,446 shares at $1,085,632 based on the most recent closing price.

Stock Fundamentals for SEDG

Current profitability levels for the company are sitting at:

  • 0.01 for the present operating margin
  • 0.24 for the gross margin

The net margin for Solaredge Technologies Inc stands at 0.01. The total capital return value is set at 0.01. Equity return is now at value 1.50, with 0.78 for asset returns.

Based on Solaredge Technologies Inc (SEDG), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at -0.24. The debt to equity ratio resting at 0.3. The interest coverage ratio of the stock is 5.09.

Currently, EBITDA for the company is 147.29 million with net debt to EBITDA at 2.69. When we switch over and look at the enterprise to sales, we see a ratio of 1.45. The receivables turnover for the company is 3.78for trailing twelve months and the total asset turnover is 0.65. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.70.

Conclusion

In a nutshell, Solaredge Technologies Inc (SEDG) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.

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