Solaredge Technologies Inc [NASDAQ: SEDG] traded at a high on Thursday, posting a 4.06 gain after which it closed the day’ session at $13.58.
The results of the trading session contributed to over 5101631 shares changing hands. Over the past one week, the price volatility of Solaredge Technologies Inc stands at 6.76% while the volatility over the past one month is 8.76%.
The market cap for SEDG stock reached $786.96 million, with 57.18 million shares outstanding and 56.59 million shares in the current float. Compared to the average trading volume of 5.46M shares, SEDG reached a trading volume of 5101631 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 $14.04 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 3.18. 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.
Citigroup have made an estimate for Solaredge Technologies Inc shares, keeping their opinion on the stock as Sell, with their previous recommendation back on January 08, 2025. While these analysts kept the previous recommendation, Goldman raised their target price from $10 to $19. The new note on the price target was released on December 17, 2024, representing the official price target for Solaredge Technologies Inc stock. On November 15, 2024, analysts decreased their price target for SEDG shares from 23 to 9.
The Average True Range (ATR) for Solaredge Technologies Inc is set at 1.37, with the Price to Sales ratio for SEDG stock in the period of the last 12 months amounting to 0.75. The Price to Book ratio for the last quarter was 0.81, with the Price to Cash per share for the same quarter was set at 11.71.
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 -6.34. With this latest performance, SEDG shares gained by 3.59% in over the last four-week period, additionally sinking by -46.79% over the last 6 months – not to mention a drop of -81.10% 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 45.62, with the RSI for the last a single of trading hit 43.03, and the three-weeks RSI is set at 46.42 for Solaredge Technologies Inc [SEDG]. The present Moving Average for the last 50 days of trading for this stock 13.73, while it was recorded at 13.69 for the last single week of trading, and 28.40 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 1.46 and a Current Ratio set at 2.34.
Insider trade positions for Solaredge Technologies Inc [SEDG]
There are presently around $104.64%, or 106.65%% 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%.
