The stock price of Solaredge Technologies Inc (NASDAQ: SEDG) has plunged by -2.31 when compared to previous closing price of 55.80, but the company has seen a -9.81% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-04 that The latest trading day saw SolarEdge Technologies (SEDG) settling at $68.77, representing a +0.56% change from its previous close.
Is It Worth Investing in Solaredge Technologies Inc (NASDAQ: SEDG) Right Now?
The price-to-earnings ratio for Solaredge Technologies Inc (NASDAQ: SEDG) is above average at 123.08x, Company’s 36-month beta value is 1.54.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 15.74% ratio of that floaft. The average trading volume of SEDG on April 23, 2024 was 2.31M shares.
SEDG’s Market Performance
SEDG’s stock has seen a -9.81% decrease for the week, with a -18.31% drop in the past month and a -24.13% fall in the past quarter. The volatility ratio for the week is 4.71%, and the volatility levels for the past 30 days are at 5.48% for Solaredge Technologies Inc The simple moving average for the last 20 days is -16.95% for SEDG stock, with a simple moving average of -51.91% for the last 200 days.
Analysts’ Opinion of SEDG
TD Cowen gave a rating of “Outperform” to SEDG, setting the target price at $100 in the report published on February 21st of the current year.
SEDG Trading at -21.39% 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 -83.05% of loss for the given period.
Volatility was left at 5.48%, however, over the last 30 days, the volatility rate increased by 4.71%, as shares sank -15.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -27.81% lower at present.
During the last 5 trading sessions, SEDG fell by -9.81%, which changed the moving average for the period of 200-days by -78.63% in comparison to the 20-day moving average, which settled at $65.13. In addition, Solaredge Technologies Inc saw -41.76% 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 1.18. 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 bad 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.
