Solaredge Technologies Inc (NASDAQ: SEDG)’s stock price has decreased by -0.91 compared to its previous closing price of 23.12. However, the company has seen a 11.00% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-19 that SolarEdge’s revenue has stabilized, with multiple positive catalysts including normalized U.S. inventories, rebounding European demand, and rising U.S. electricity prices. The valuation of SEDG stock is low, and despite some risks facing the company, the balance sheet situation is manageable, making it a buy for risk-tolerant, long-term investors. SolarEdge’s Q2 revenue increased sequentially, driven by strong U.S. residential market sales and improved commercial sales, despite a year-over-year decline.
Is It Worth Investing in Solaredge Technologies Inc (NASDAQ: SEDG) Right Now?
The 36-month beta value for SEDG is also noteworthy at 1.56. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 rating it as “hold,” and 1 rating it as “sell.”
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The public float for SEDG is 56.62M, and at present, short sellers hold a 33.11% of that float. The average trading volume of SEDG on October 01, 2024 was 4.31M shares.
SEDG’s Market Performance
The stock of Solaredge Technologies Inc (SEDG) has seen a 11.00% increase in the past week, with a -8.03% drop in the past month, and a -4.42% fall in the past quarter. The volatility ratio for the week is 6.68%, and the volatility levels for the past 30 days are at 7.76% for SEDG. The simple moving average for the last 20 days is 10.20% for SEDG stock, with a simple moving average of -56.07% for the last 200 days.
Analysts’ Opinion of SEDG
Many brokerage firms have already submitted their reports for SEDG stocks, with Jefferies repeating the rating for SEDG by listing it as a “Underperform.” The predicted price for SEDG in the upcoming period, according to Jefferies is $17 based on the research report published on September 17, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see SEDG reach a price target of $27. The rating they have provided for SEDG stocks is “Hold” according to the report published on September 04th, 2024.
SEDG Trading at -2.71% 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 -83.15% of loss for the given period.
Volatility was left at 7.76%, however, over the last 30 days, the volatility rate increased by 6.68%, as shares sank -5.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.82% lower at present.
During the last 5 trading sessions, SEDG rose by +11.00%, which changed the moving average for the period of 200-days by -69.93% in comparison to the 20-day moving average, which settled at $20.72. In addition, Solaredge Technologies Inc saw -75.52% 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.
GANI MARCEL, the Director of Solaredge Technologies Inc, purchase 5,000 shares at $73.49 during a trade that took place back on Nov 09 ’23, which means that GANI MARCEL is holding 29,049 shares at $367,450 based on the most recent closing price.
Stock Fundamentals for SEDG
Current profitability levels for the company are sitting at:
- -0.38 for the present operating margin
- 0.04 for the gross margin
The net margin for Solaredge Technologies Inc stands at -0.34. The total capital return value is set at -0.17. Equity return is now at value -22.12, with -11.84 for asset returns.
Based on Solaredge Technologies Inc (SEDG), the company’s capital structure generated 0.24 points at debt to capital in total, while cash flow to debt ratio is standing at -0.55.
Currently, EBITDA for the company is 147.29 million with net debt to EBITDA at -1.02. 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 2.22for trailing twelve months and the total asset turnover is 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.10.
Conclusion
In summary, Solaredge Technologies Inc (SEDG) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
