A share price of Solaredge Technologies Inc [SEDG] is currently trading at $27.45, up 9.06%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SEDG shares have gain 2.66% over the last week, with a monthly amount glided 3.98%, and 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 23, 2024, when ROTH MKM reiterated its Neutral rating and also revised its price target to $27 from $55. Previously, DZ Bank downgraded its rating to Sell on July 17, 2024, and kept the price target unchanged to $24. On July 08, 2024, upgrade upgraded it’s rating to Neutral but maintained its price target of $29 on the stock. Scotiabank reiterated its Sector Perform rating and decreased its price target to $46 on June 25, 2024. JP Morgan reiterated its recommendation of a Overweight and reduced its price target to $49 on June 25, 2024. Canaccord Genuity reiterated a Hold rating for this stock on June 25, 2024, and downed its price target to $38. In a note dated May 13, 2024, Susquehanna downgraded an Neutral rating on this stock but restated the target price of $56.
Solaredge Technologies Inc experienced fluctuations in its stock price throughout the past year between $23.51 and $265.42. Currently, Wall Street analysts expect the stock to reach $224 within the next 12 months. Solaredge Technologies Inc [NASDAQ: SEDG] shares were valued at $27.45 at the most recent close of the market. An investor can expect a potential return of 716.03% based on the average SEDG price forecast.
Analyzing the SEDG fundamentals
Trailing Twelve Months sales for Solaredge Technologies Inc [NASDAQ:SEDG] were 2.24B which represents -78.35% decline. 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 25.52 points at the first support level, and at 23.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.68, and for the 2nd resistance point, it is at 29.92.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Solaredge Technologies Inc [NASDAQ:SEDG] is 4.54. Further, the Quick Ratio stands at 2.19, while the Cash Ratio is 0.33. Considering the valuation of this stock, the price to sales ratio is 0.70, the price to book ratio is 0.70.
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.
