At the time of writing, Solaredge Technologies Inc [SEDG] stock is trading at $21.61, up 7.14%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SEDG shares have gain 1.93% over the last week, with a monthly amount drifted -15.88%, 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 September 17, 2024, when Jefferies downgraded its rating to a Underperform and also revised its price target to $17 from $27. Previously, Jefferies started tracking the stock with Hold rating on September 04, 2024, and set its price target to $27. On August 29, 2024, William Blair initiated with a Mkt Perform rating. TD Cowen reiterated its Buy rating and decreased its price target to $35 on August 08, 2024. ROTH MKM reiterated its recommendation of a Neutral and reduced its price target to $27 on July 23, 2024. DZ Bank downgraded its rating to Sell for this stock on July 17, 2024, but kept the price target unchanged to $24. In a note dated July 08, 2024, BofA Securities upgraded an Neutral rating on this stock but restated the target price of $29.
For the past year, the stock price of Solaredge Technologies Inc fluctuated between $17.12 and $135.95. Currently, Wall Street analysts expect the stock to reach $185.6 within the next 12 months. Solaredge Technologies Inc [NASDAQ: SEDG] shares were valued at $21.61 at the most recent close of the market. An investor can expect a potential return of 758.86% based on the average SEDG price forecast.
Analyzing the SEDG fundamentals
According to Solaredge Technologies Inc [NASDAQ:SEDG], the company’s sales were 1.51B for trailing twelve months, which represents an -73.23% plunge. Gross Profit Margin for this corporation currently stands at 0.04% with Operating Profit Margin at -0.38%, Pretax Profit Margin comes in at -0.37%, and Net Profit Margin reading is -0.34%. To continue investigating profitability, this company’s Return on Assets is posted at -0.13, Equity is -0.22 and Total Capital is -0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.31.
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 20.75 points at the first support level, and at 19.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.30, and for the 2nd resistance point, it is at 22.98.
Ratios To Look Out For
It is important to note that Solaredge Technologies Inc [NASDAQ:SEDG] has a current ratio of 5.10. In addition, the Quick Ratio stands at 2.45 and the Cash Ratio stands at 0.46. Considering the valuation of this stock, the price to sales ratio is 0.82, the price to book ratio is 0.58.
Transactions by insiders
Recent insider trading involved AVERY MORE, Director, that happened on Feb 29 ’24 when 7000.0 shares were purchased. Director, GANI MARCEL completed a deal on Nov 09 ’23 to buy 5000.0 shares. Meanwhile, Director AVERY MORE bought 15300.0 shares on Nov 09 ’23.
