Solaredge Technologies Inc [NASDAQ: SEDG] stock went on a downward path that fall over -3.55% on Thursday, amounting to a one-week price decrease of less than -14.50%.
Over the last 12 months, SEDG stock dropped by -86.75%. The one-year Solaredge Technologies Inc stock forecast points to a potential upside of 15.84. The average equity rating for SEDG stock is currently 3.31, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $606.45 million, with 57.12 million shares outstanding and 57.09 million shares in the current float. Compared to the average trading volume of 4.48M shares, SEDG stock reached a trading volume of 4575910 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $12.44 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 3.31. 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.
Morgan Stanley have made an estimate for Solaredge Technologies Inc shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on November 15, 2024. While these analysts kept the previous recommendation, TD Cowen dropped their target price from $16 to $11. The new note on the price target was released on November 07, 2024, representing the official price target for Solaredge Technologies Inc stock. Previously, the target price had yet another drop from $17 to $9, while Piper Sandler kept a Underweight rating on SEDG stock. On November 07, 2024, analysts decreased their price target for SEDG shares from 35 to 11.
The Average True Range (ATR) for Solaredge Technologies Inc is set at 1.53, with the Price to Sales ratio for SEDG stock in the period of the last 12 months amounting to 0.58. The Price to Book ratio for the last quarter was 0.63, with the Price to Cash per share for the same quarter was set at 11.71.
SEDG Stock Performance Analysis:
Solaredge Technologies Inc [SEDG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -14.50. With this latest performance, SEDG shares dropped by -38.48% in over the last four-week period, additionally sinking by -78.41% over the last 6 months – not to mention a drop of -86.75% 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 29.32, with the RSI for the last a single of trading hit 25.52, and the three-weeks RSI is set at 32.28 for Solaredge Technologies Inc [SEDG]. The present Moving Average for the last 50 days of trading for this stock 17.90, while it was recorded at 11.38 for the last single week of trading, and 40.31 for the last 200 days.
Insight into Solaredge Technologies Inc Fundamentals:
Solaredge Technologies Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.46 and a Current Ratio set at 2.34.
SEDG Stock EPS
With the latest financial reports released by the company, Solaredge Technologies Inc posted -0.92/share EPS, while the average EPS was predicted by analysts to be reported at -1.34/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.42. 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.
Solaredge Technologies Inc [SEDG] Institutonal Ownership Details
There are presently around $104.48%, or 105.99%% 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%.
