Solaredge Technologies Inc (NASDAQ: SEDG)’s stock price has plunge by -6.48relation to previous closing price of 13.35. Nevertheless, the company has seen a -12.57% plunge in its stock price over the last five trading sessions. businesswire.com reported 2024-12-09 that MILPITAS, Calif.–(BUSINESS WIRE)–SolarEdge Technologies Inc. (NASDAQ: SEDG), a global leader in smart energy technology, today announced it is now shipping the new SolarEdge Home Battery ‘USA Edition’, completing its comprehensive portfolio of domestically manufactured solar and storage products designed to qualify for the Domestic Content Bonus Credit as currently guided by the U.S. Department of Treasury and the Internal Revenue Service.i The SolarEdge Home Battery ‘USA Edition’ joins the C.
Is It Worth Investing in Solaredge Technologies Inc (NASDAQ: SEDG) Right Now?
Company’s 36-month beta value is 1.55.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 26 as “hold,” and 2 as “sell.”
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The public float for SEDG is 56.84M, and currently, short sellers hold a 34.67% ratio of that floaft. The average trading volume of SEDG on December 16, 2024 was 4.79M shares.
SEDG’s Market Performance
SEDG stock saw a decrease of -12.57% in the past week, with a monthly decline of -2.69% and a quarterly a decrease of -44.56%. The volatility ratio for the week is 9.68%, and the volatility levels for the last 30 days are 10.84% for Solaredge Technologies Inc (SEDG). The simple moving average for the past 20 days is -5.70% for SEDG’s stock, with a -64.13% simple moving average for the past 200 days.
Analysts’ Opinion of SEDG
Morgan Stanley, on the other hand, stated in their research note that they expect to see SEDG reach a price target of $9, previously predicting the price at $23. The rating they have provided for SEDG stocks is “Underweight” according to the report published on November 15th, 2024.
TD Cowen gave a rating of “Hold” to SEDG, setting the target price at $11 in the report published on November 07th of the current year.
SEDG Trading at -17.84% 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 -87.90% of loss for the given period.
Volatility was left at 10.84%, however, over the last 30 days, the volatility rate increased by 9.68%, as shares surge +16.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -38.45% lower at present.
During the last 5 trading sessions, SEDG fell by -13.24%, which changed the moving average for the period of 200-days by -81.75% in comparison to the 20-day moving average, which settled at $13.23. In addition, Solaredge Technologies Inc saw -86.66% 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 1.13. 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
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.
