Solaredge Technologies Inc [SEDG] stock is trading at $27.37, up 9.26%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SEDG shares have gain 8.35% over the last week, with a monthly amount drifted -44.05%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Solaredge Technologies Inc [NASDAQ: SEDG] stock has seen the most recent analyst activity on July 08, 2024, when BofA Securities upgraded its rating to a Neutral but kept the price target unchanged to $29 for it. Previously, Scotiabank reaffirmed its Sector Perform rating on June 25, 2024, and dropped its price target to $46. On June 25, 2024, JP Morgan reiterated its Overweight rating and revised its price target to $49 on the stock. Canaccord Genuity reiterated its Hold rating and decreased its price target to $38 on June 25, 2024. Susquehanna downgraded its rating to a Neutral but $56 remained the price target by the analyst firm on May 13, 2024. TD Cowen reiterated a Buy rating for this stock on May 09, 2024, and downed its price target to $80. In a note dated May 09, 2024, Northland Capital downgraded an Market Perform rating on this stock.
Solaredge Technologies Inc [SEDG] stock has fluctuated between $23.51 and $288.87 over the past year. Currently, Wall Street analysts expect the stock to reach $224 within the next 12 months. Solaredge Technologies Inc [NASDAQ: SEDG] shares were valued at $27.37 at the most recent close of the market. An investor can expect a potential return of 718.41% based on the average SEDG price forecast.
Analyzing the SEDG fundamentals
Solaredge Technologies Inc [NASDAQ:SEDG] reported sales of 2.24B for the trailing twelve months, which represents a drop of -78.35%. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at -0.12%, Pretax Profit Margin comes in at -0.12%, and Net Profit Margin reading is -0.12%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is -0.11 and Total Capital is -0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.29.
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 26.00 points at the first support level, and at 24.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.56, and for the 2nd resistance point, it is at 29.74.
Ratios To Look Out For
For context, Solaredge Technologies Inc’s Current Ratio is 4.54. Also, the Quick Ratio is 2.19, while the Cash Ratio stands at 0.33. Considering the valuation of this stock, the price to sales ratio is 0.70, the price to book ratio is 0.69.
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.
