Moreover, the 36-month beta value for SEDG is 1.54. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 2 as “overweight,” 25 as “hold,” and 3 as “sell.”
The public float for SEDG is 57.24M and currently, short sellers hold a 33.48% of that float. On November 18, 2024, SEDG’s average trading volume was 4.36M shares.
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SEDG) stock’s latest price update
The stock price of Solaredge Technologies Inc (NASDAQ: SEDG) has plunged by -17.07 when compared to previous closing price of 12.83, but the company has seen a -21.36% decline in its stock price over the last five trading sessions. fool.com reported 2024-11-12 that Uncertainty around clean energy incentives and rising interest rates punished these clean energy leaders.
SEDG’s Market Performance
Solaredge Technologies Inc (SEDG) has seen a -21.36% fall in stock performance for the week, with a -40.66% decline in the past month and a -61.35% plunge in the past quarter. The volatility ratio for the week is 14.09%, and the volatility levels for the past 30 days are at 9.67% for SEDG. The simple moving average for the last 20 days is -31.02% for SEDG stock, with a simple moving average of -73.97% for the last 200 days.
Analysts’ Opinion of SEDG
Many brokerage firms have already submitted their reports for SEDG stocks, with Morgan Stanley repeating the rating for SEDG by listing it as a “Underweight.” The predicted price for SEDG in the upcoming period, according to Morgan Stanley is $9 based on the research report published on November 15, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see SEDG reach a price target of $11, previously predicting the price at $16. The rating they have provided for SEDG stocks is “Hold” according to the report published on November 07th, 2024.
Piper Sandler gave a rating of “Underweight” to SEDG, setting the target price at $9 in the report published on November 07th of the current year.
SEDG Trading at -41.50% 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 -89.69% of loss for the given period.
Volatility was left at 9.67%, however, over the last 30 days, the volatility rate increased by 14.09%, as shares sank -38.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -45.41% lower at present.
During the last 5 trading sessions, SEDG fell by -21.36%, which changed the moving average for the period of 200-days by -84.64% in comparison to the 20-day moving average, which settled at $15.43. In addition, Solaredge Technologies Inc saw -88.63% 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 GANI MARCEL, who purchase 20,000 shares at the price of $11.43 back on Nov 13 ’24. After this action, GANI MARCEL now owns 53,035 shares of Solaredge Technologies Inc, valued at $228,648 using the latest closing price.
AVERY MORE, the Chairman of the Board of Solaredge Technologies Inc, purchase 156,000 shares at $13.65 during a trade that took place back on Nov 11 ’24, which means that AVERY MORE is holding 244,478 shares at $2,129,400 based on the most recent closing price.
Stock Fundamentals for SEDG
Current profitability levels for the company are sitting at:
- -1.57 for the present operating margin
- -0.75 for the gross margin
The net margin for Solaredge Technologies Inc stands at -1.58. The total capital return value is set at -0.86. Equity return is now at value -96.08, with -44.35 for asset returns.
Based on Solaredge Technologies Inc (SEDG), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at -0.69.
Currently, EBITDA for the company is 153.69 million with net debt to EBITDA at -0.29. When we switch over and look at the enterprise to sales, we see a ratio of 1.02. The receivables turnover for the company is 3.19for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.34.
Conclusion
To wrap up, the performance of Solaredge Technologies Inc (SEDG) has been bad in recent times. The stock has received a bullish of “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.
