Solaredge Technologies Inc [SEDG] stock prices are down -0.91% to $22.91 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The SEDG shares have gain 11.00% over the last week, with a monthly amount drifted -8.03%, 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 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.
The stock price of Solaredge Technologies Inc [SEDG] has been fluctuating between $17.12 and $135.95 over the past year. 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 $22.91 at the most recent close of the market. An investor can expect a potential return of 710.13% based on the average SEDG price forecast.
Analyzing the SEDG fundamentals
The Solaredge Technologies Inc [NASDAQ:SEDG] reported sales of 1.51B for trailing twelve months, representing a drop of -73.23%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.31.
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 22.32 points at the first support level, and at 21.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.54, and for the 2nd resistance point, it is at 24.18.
Ratios To Look Out For
It’s worth pointing out that Solaredge Technologies Inc [NASDAQ:SEDG]’s Current Ratio is 5.10. On the other hand, the Quick Ratio is 2.45, and the Cash Ratio is 0.46. Considering the valuation of this stock, the price to sales ratio is 0.87, the price to book ratio is 0.62.
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.
