Why Today Is the Best Time to Buy SolarEdge Technologies Inc. [SEDG] Stock at $284.77

SolarEdge Technologies Inc. [SEDG] stock is up 2.32 while the S&P 500 has risen 0.09% on Monday, 12/07/20. While at the time of this article, SEDG ATR is sitting at 16.67, with the beta value at 0.96. This stock’s volatility for the past week remained at 4.93%, while it was 5.67% for the past 30-day period. SEDG has risen $6.45 from the previous closing price of $278.32 on volume of 0.48 million shares.

On 2, November 2020, SolarEdge Announces Third Quarter 2020 Financial Results. According to news published on Yahoo Finance, SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy technology, today announced its financial results for the third quarter ended September 30, 2020.

Analyst Birdseye View:

The most recent analyst activity for SolarEdge Technologies Inc. [NASDAQ:SEDG] stock was on November 03, 2020, when it was Downgrade with a Perform rating from Oppenheimer. Before that, on November 03, 2020, B. Riley Securities Recapitulated a Buy rating and elevated its amount target to $364. On November 03, 2020, Northland Capital Downgrade an Under perform rating and boosted its price target on this stock to $195. On October 27, 2020, UBS Downgrade a Sell rating and increased its price target from $160 to $210. On October 16, 2020, Goldman Upgrade a Neutral rating and increased its price target to $283. On October 15, 2020, Susquehanna Initiated a Positive rating and boosted its amount on this stock to $350. On September 23, 2020, B. Riley FBR Initiated a Buy rating and boosted its target amount on this stock to $254.

In the past 52 weeks of trading, this stock has oscillated between a low of $67.02 and a peak of $317.88. Right now, the middling Wall Street analyst 12-month amount mark is $239.00. At the most recent market close, shares of SolarEdge Technologies Inc. [NASDAQ:SEDG] were valued at $284.77. According to the average price forecast, investors can expect a potential return of 1.12%.

FUNDAMENTAL ANALYSIS

SolarEdge Technologies Inc. [NASDAQ:SEDG] most recently reported quarterly sales of 338.1 billion, which represented growth of -17.70%. This publicly-traded organization’s revenue is $586,450 per employee, while its income is $60,283 per employee. This company’s Gross Margin is currently 32.50%, its Operating Margin is 11.80%, its Pretax Margin is +12.53, and its Net Margin is +10.28. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 11.92, 21.33, 29.15 and 20.78 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 6.70 and the whole liability to whole assets at 3.90. It shows enduring liability to the whole principal at 3.77 and enduring liability to assets at 0.02 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 272.15 points at 1st support level, the second support level is making up to 265.99. But as of 1st resistance point, this stock is sitting at 282.88 and at 287.44 for 2nd resistance point.

SolarEdge Technologies Inc. [SEDG] reported its earnings at $1.21 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.82/share signifying the difference of 0.39 and 47.60% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.97 calling estimates for $0.69/share with the difference of 0.28 depicting the surprise of 40.60%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for SolarEdge Technologies Inc. [NASDAQ:SEDG] is 4.60. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.80. Now if looking for a valuation of this stock’s amount to sales ratio it’s 3.35, it’s amount to book ratio is 5.73 and showing 83.28 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Bechor Uri, Chief Operating Officer, and it was the sale of 82.0 shares on Dec 01. Lando Zvi, the CEO and VP, Global Sales, completed a sale of 82.0 shares on Dec 01. On Dec 01, Prishkolnik Rachel, VP,GC&Corporate Secretary, completed a sale of 82.0 shares.