The stock of Solaredge Technologies Inc (SEDG) has seen a -9.67% decrease in the past week, with a -16.49% drop in the past month, and a -33.35% decrease in the past quarter. The volatility ratio for the week is 5.54%, and the volatility levels for the past 30 days are at 6.35% for SEDG. The simple moving average for the past 20 days is -14.21% for SEDG’s stock, with a -63.26% simple moving average for the past 200 days.
Is It Worth Investing in Solaredge Technologies Inc (NASDAQ: SEDG) Right Now?
The stock has a 36-month beta value of 1.55. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 1 as “sell.”
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The public float for SEDG is 56.62M, and at present, short sellers hold a 29.13% of that float. On October 22, 2024, the average trading volume of SEDG was 3.63M shares.
SEDG) stock’s latest price update
The stock of Solaredge Technologies Inc (NASDAQ: SEDG) has decreased by -1.73 when compared to last closing price of 17.31.Despite this, the company has seen a loss of -9.67% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-21 that Wolfspeed rallied due to a $750 million investment from Apollo Global Management, despite high short interest and bearish sentiment. SolarEdge Technologies faces significant competition and high inventory levels, making it a potential tax-loss selling candidate. Moderna’s stock is under pressure due to declining Covid-19 vaccine demand and weakened profitability, suggesting it should be sold.
Analysts’ Opinion of SEDG
Guggenheim, on the other hand, stated in their research note that they expect to see SEDG reach a price target of $10. The rating they have provided for SEDG stocks is “Sell” according to the report published on October 17th, 2024.
Jefferies gave a rating of “Underperform” to SEDG, setting the target price at $17 in the report published on September 17th of the current year.
SEDG Trading at -21.18% 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 -85.91% of loss for the given period.
Volatility was left at 6.35%, however, over the last 30 days, the volatility rate increased by 5.54%, as shares sank -17.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.76% lower at present.
During the last 5 trading sessions, SEDG fell by -9.67%, which changed the moving average for the period of 200-days by -79.46% in comparison to the 20-day moving average, which settled at $19.83. In addition, Solaredge Technologies Inc saw -81.83% 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 0.96. 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
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.
