Solaredge Technologies Inc [NASDAQ: SEDG] traded at a low on Tuesday, posting a -2.97 loss after which it closed the day’ session at $25.52.
The results of the trading session contributed to over 3696871 shares changing hands. Over the past one week, the price volatility of Solaredge Technologies Inc stands at 6.58% while the volatility over the past one month is 7.75%.
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The market cap for SEDG stock reached $1.46 billion, with 57.12 million shares outstanding and 56.78 million shares in the current float. Compared to the average trading volume of 3.99M shares, SEDG reached a trading volume of 3696871 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Solaredge Technologies Inc [SEDG]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SEDG shares is $44.62 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SEDG stock is a recommendation set at 2.86. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
ROTH MKM have made an estimate for Solaredge Technologies Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on Jul-24-24. The new note on the price target was released on July 17, 2024, representing the official price target for Solaredge Technologies Inc stock. Previously, the target price had yet another raise to $29, while BofA Securities analysts kept a Neutral rating on SEDG stock. On June 25, 2024, analysts decreased their price target for SEDG shares from 72 to 46.
The Average True Range (ATR) for Solaredge Technologies Inc is set at 2.47, with the Price to Sales ratio for SEDG stock in the period of the last 12 months amounting to 0.65. The Price to Book ratio for the last quarter was 0.65, with the Price to Cash per share for the same quarter was set at 11.88.
How has SEDG stock performed recently?
Solaredge Technologies Inc [SEDG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.50. With this latest performance, SEDG shares dropped by -22.69% in over the last four-week period, additionally sinking by -64.48% over the last 6 months – not to mention a drop of -90.33% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SEDG stock in for the last two-week period is set at 36.66, with the RSI for the last a single of trading hit 38.35, and the three-weeks RSI is set at 35.52 for Solaredge Technologies Inc [SEDG]. The present Moving Average for the last 50 days of trading for this stock 38.37, while it was recorded at 26.47 for the last single week of trading, and 67.39 for the last 200 days.
Solaredge Technologies Inc [SEDG]: Deeper insight into the fundamentals
Solaredge Technologies Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.19 and a Current Ratio set at 4.54.
Earnings analysis for Solaredge Technologies Inc [SEDG]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SEDG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Solaredge Technologies Inc go to -12.78%.
Insider trade positions for Solaredge Technologies Inc [SEDG]
The top three institutional holders of SEDG stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in SEDG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in SEDG stock with ownership which is approximately 5.1238%.
