Solaredge Technologies Inc (NASDAQ:SEDG) currently has a daily average trading volume of 4.52M but it saw 3248758 shares traded in last market. With a market cap of 621.80M USD, the company’s current market price of $10.73 came falling about -1.29 while comparing to the previous closing price of $10.87. In past 52 weeks, the stock remained buoying in the range of price level as high as $103.15 and as low as $10.24. In the recent trading on the day, stock has struck highest price mark of $10.5391 while lowest mark touched by it was $11.2434.
Taking a look at 20-day trading activity of Solaredge Technologies Inc (SEDG) gives us an average price of $14.33, while its current price level is -89.60% below from 52-week high level whereas it is 4.79% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $17.58 while that of 200 days or SMA-200 reads an average of $39.70. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.16% during that period while stretching the period over a month that decreases to 10.03%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 31.34 which implies that the stock is in neutral territory.
Morgan Stanley downgraded its recommendation for the stock as a “Underweight” from “Equal-Weight” on November 15, 2024 while assigning a price target range of $23-$9. TD Cowen issued its recommendations for the stock as it reiterated the price target for the stock in the range of between $16 and $11.
Over the week, SEDG’s stock price is moving -16.37% down while it is -28.20% when we observe its performance for the past one month. Year-to-date it is -88.54% down and over the past year, the stock is showing a downside performance of -86.40%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.92 beat the consensus estimate of -1.34 for the same. The company is expected to be releasing its next quarterly report in December, for which analysts forecasted an EPS of -1.48 while estimate for next year EPS is -17.23. In next quarter, company is expected to be making quarterly sales of $219.66M as analysts are expecting the sales for current fiscal year at $920.53M and seeing the company making $1.3B in sales next year. Moreover, analysts are in estimates of $188.76M for current-quarter revenue.
Currently, Solaredge Technologies Inc’s total number of outstanding shares is 57.12M with 1.42% of that held by the insiders while 104.36% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -122.07% and return on equity (ROE) at -96.08%. Stock’s beta reads 1.53. Stock has a price to book (P/B) ratio of 0.64 while price to sale or P/S ratio amounts to 0.59. Its return on asset (ROA) is -44.35% on average.
