At the time of writing, Solaredge Technologies Inc [SEDG] stock is trading at $31.65, up 5.82%. An important factor to consider is whether the stock is rising or falling in short-term value. The SEDG shares have gain 26.35% over the last week, with a monthly amount drifted -31.03%, 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.
For the past year, the stock price of Solaredge Technologies Inc fluctuated between $23.51 and $288.87. Currently, Wall Street analysts expect the stock to reach $224 within the next 12 months. Solaredge Technologies Inc [NASDAQ: SEDG] shares were valued at $31.65 at the most recent close of the market. An investor can expect a potential return of 607.74% based on the average SEDG price forecast.
Analyzing the SEDG fundamentals
According to Solaredge Technologies Inc [NASDAQ:SEDG], the company’s sales were 2.24B for trailing twelve months, which represents an -78.35% plunge. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.29.
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 30.42 points at the first support level, and at 29.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.49, and for the 2nd resistance point, it is at 33.34.
Ratios To Look Out For
It is important to note that Solaredge Technologies Inc [NASDAQ:SEDG] has a current ratio of 4.54. On the other hand, the Quick Ratio is 2.19, and the Cash Ratio is 0.33. Considering the valuation of this stock, the price to sales ratio is 0.81, the price to book ratio is 0.80.
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.
