Solaredge Technologies Inc [NASDAQ: SEDG] loss -3.40% or -0.64 points to close at $18.19 with a heavy trading volume of 3918320 shares.
The daily chart for SEDG points out that the company has recorded -69.44% loss over the past six months.
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If we look at the average trading volume of 3.81M shares, SEDG reached to a volume of 3918320 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $26.02 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 2.91. 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.
Jefferies have made an estimate for Solaredge Technologies Inc shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on September 17, 2024. While these analysts kept the previous recommendation, Jefferies raised their target price to Hold. The new note on the price target was released on September 04, 2024, representing the official price target for Solaredge Technologies Inc stock. On August 08, 2024, analysts decreased their price target for SEDG shares from 50 to 35.
The Average True Range (ATR) for Solaredge Technologies Inc is set at 1.52, with the Price to Sales ratio for SEDG stock in the period of the last 12 months amounting to 0.69. The Price to Book ratio for the last quarter was 0.49, with the Price to Cash per share for the same quarter was set at 12.04.
Trading performance analysis for SEDG stock
Solaredge Technologies Inc [SEDG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.99. With this latest performance, SEDG shares dropped by -17.13% in over the last four-week period, additionally sinking by -69.44% over the last 6 months – not to mention a drop of -84.81% 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 39.47, with the RSI for the last a single of trading hit 36.97, and the three-weeks RSI is set at 40.51 for Solaredge Technologies Inc [SEDG]. The present Moving Average for the last 50 days of trading for this stock 22.00, while it was recorded at 18.73 for the last single week of trading, and 47.72 for the last 200 days.
Solaredge Technologies Inc [SEDG]: A deeper dive into fundamental analysis
Solaredge Technologies Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.45 and a Current Ratio set at 5.10.
An analysis of Institutional ownership at Solaredge Technologies Inc [SEDG]
There are presently around $107.34%, or 108.53%% of SEDG stock, in the hands of institutional investors. The top three institutional holders of SEDG stocks are: BLACKROCK INC. with ownership of 7.92 million shares, which is approximately 13.857%. GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC, holding 3.34 million shares of the stock with an approximate value of $$84.33 million in SEDG stocks shares; and GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC, currently with $$69.39 million in SEDG stock with ownership which is approximately 4.8078%.
