Solaredge Technologies Inc [SEDG] stock prices are up 6.33% to $15.80 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 47.25% over the last week, with a monthly amount drifted -6.45%, 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 November 20, 2024, when Guggenheim upgraded its rating to a Neutral. Previously, Morgan Stanley downgraded its rating to Underweight on November 15, 2024, and dropped its price target to $9. On November 07, 2024, TD Cowen reiterated its Hold rating and revised its price target to $11 on the stock. Piper Sandler downgraded its rating to a Underweight and decreased its price target to $9 on November 07, 2024. Mizuho downgraded its rating to a Neutral and reduced its price target to $11 on November 07, 2024. BofA Securities downgraded its rating to Underperform for this stock on November 07, 2024, and downed its price target to $14. In a note dated October 21, 2024, TD Cowen downgraded an Hold rating on this stock and revised its target price from $35 to $16.
The stock price of Solaredge Technologies Inc [SEDG] has been fluctuating between $10.24 and $103.15 over the past year. Currently, Wall Street analysts expect the stock to reach $157 within the next 12 months. Solaredge Technologies Inc [NASDAQ: SEDG] shares were valued at $15.80 at the most recent close of the market. An investor can expect a potential return of 893.67% based on the average SEDG price forecast.
Analyzing the SEDG fundamentals
The Solaredge Technologies Inc [NASDAQ:SEDG] reported sales of 1.05B for trailing twelve months, representing a drop of -64.03%. Gross Profit Margin for this corporation currently stands at -0.75% with Operating Profit Margin at -1.57%, Pretax Profit Margin comes in at -1.55%, and Net Profit Margin reading is -1.58%. To continue investigating profitability, this company’s Return on Assets is posted at -0.59, Equity is -0.86 and Total Capital is -0.86. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.71.
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 14.83 points at the first support level, and at 13.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.39, and for the 2nd resistance point, it is at 16.99.
Ratios To Look Out For
It’s worth pointing out that Solaredge Technologies Inc [NASDAQ:SEDG]’s Current Ratio is 2.34. On the other hand, the Quick Ratio is 1.46, and the Cash Ratio is 0.34. Considering the valuation of this stock, the price to sales ratio is 0.93, the price to book ratio is 0.94.
Transactions by insiders
Recent insider trading involved GANI MARCEL, Director, that happened on Nov 13 ’24 when 20000.0 shares were purchased. Chairman of the Board, AVERY MORE completed a deal on Nov 11 ’24 to buy 0.16 million shares. Meanwhile, Director AVERY MORE bought 7000.0 shares on Feb 29 ’24.
