The stock of Solaredge Technologies Inc (SEDG) has seen a 5.90% increase in the past week, with a -8.15% drop in the past month, and a -22.64% decrease in the past quarter. The volatility ratio for the week is 6.60%, and the volatility levels for the past 30 days are at 6.25% for SEDG. The simple moving average for the past 20 days is 5.27% for SEDG’s stock, with a -57.40% simple moving average for the past 200 days.
Is It Worth Investing in Solaredge Technologies Inc (NASDAQ: SEDG) Right Now?
Additionally, the 36-month beta value for SEDG is 1.59. 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 currently, short sellers hold a 29.30% ratio of that float. The average trading volume of SEDG on November 04, 2024 was 3.73M shares.
SEDG) stock’s latest price update
Solaredge Technologies Inc (NASDAQ: SEDG) has experienced a rise in its stock price by 4.52 compared to its previous closing price of 17.69. However, the company has seen a gain of 5.90% in its stock price over the last five trading days. zacks.com reported 2024-10-30 that The latest trading day saw SolarEdge Technologies (SEDG) settling at $16.89, representing a +0.72% change from its previous close.
Analysts’ Opinion of SEDG
Many brokerage firms have already submitted their reports for SEDG stocks, with TD Cowen repeating the rating for SEDG by listing it as a “Hold.” The predicted price for SEDG in the upcoming period, according to TD Cowen is $16 based on the research report published on October 21, 2024 of the current year 2024.
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 -7.26% 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 -82.07% of loss for the given period.
Volatility was left at 6.25%, however, over the last 30 days, the volatility rate increased by 6.60%, as shares sank -10.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -36.37% lower at present.
During the last 5 trading sessions, SEDG rose by +4.84%, which changed the moving average for the period of 200-days by -73.51% in comparison to the 20-day moving average, which settled at $17.56. In addition, Solaredge Technologies Inc saw -80.25% 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 1.01. 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 conclusion, Solaredge Technologies Inc (SEDG) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
