A share price of Solaredge Technologies Inc [SEDG] is currently trading at $75.72, up 0.61%. An important factor to consider is whether the stock is rising or falling in short-term value. The SEDG shares have gain 11.55% over the last week, with a monthly amount drifted -0.60%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 7, March 2024, SolarEdge to Invest in German Software Start-Up Aiming to Decarbonize the Multi-Dwelling Sector. In a post published today on Yahoo Finance, SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, today announced that it has signed an agreement to invest in and partner with AMPEERS ENERGY (“AMPEERS”), a German based software start-up that designs and operates solutions for decarbonizing entire portfolios of multi-dwelling buildings and serves a broad spectrum of real estate companies across Germany and Austria.
From an analyst’s perspective:
Solaredge Technologies Inc [NASDAQ: SEDG] stock has seen the most recent analyst activity on February 21, 2024, when TD Cowen reiterated its Outperform rating and also revised its price target to $100 from $120. Previously, RBC Capital Mkts started tracking the stock with Sector Perform rating on February 14, 2024, and set its price target to $85. On January 17, 2024, downgrade downgraded it’s rating to Underweight and revised its price target to $50 on the stock. Canaccord Genuity started tracking the stock assigning a Hold rating and suggested a price target of $80 on January 16, 2024. Piper Sandler downgraded its rating to a Neutral and reduced its price target to $105 on December 19, 2023. Goldman downgraded its rating to Sell for this stock on December 18, 2023, but kept the price target unchanged to $77. In a note dated November 21, 2023, Mizuho initiated an Buy rating and provided a target price of $108 on this stock.
Solaredge Technologies Inc experienced fluctuations in its stock price throughout the past year between $63.25 and $332.27. Currently, Wall Street analysts expect the stock to reach $309.09 within the next 12 months. Solaredge Technologies Inc [NASDAQ: SEDG] shares were valued at $75.72 at the most recent close of the market. An investor can expect a potential return of 308.2% based on the average SEDG price forecast.
Analyzing the SEDG fundamentals
Trailing Twelve Months sales for Solaredge Technologies Inc [NASDAQ:SEDG] were 2.98B which represents -64.52% decline. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.01 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.3.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 74.29 points at the first support level, and at 72.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 77.78, and for the 2nd resistance point, it is at 79.84.
Solaredge Technologies Inc [SEDG] reported earnings per share of -$0.92 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$1.33/share, meaning a difference of $0.41 and a surprise factor of 30.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.55 per share as compared to estimates of $0.89 per share, a difference of -$1.44 representing a surprise of -161.80%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Solaredge Technologies Inc [NASDAQ:SEDG] is 3.70. On the other hand, the Quick Ratio is 2.08, and the Cash Ratio is 0.38. Considering the valuation of this stock, the price to sales ratio is 1.45, the price to book ratio is 1.79 and price to earnings (TTM) ratio is 170.96.
Transactions by insiders
Recent insider trading involved AVERY MORE, Director, that happened on Feb 29 ’24 when 7000.0 shares were purchased. Director, AVERY MORE completed a deal on Nov 09 ’23 to buy 15300.0 shares. Meanwhile, Director GANI MARCEL bought 5000.0 shares on Nov 09 ’23.
