Solaredge Technologies Inc (SEDG) concluded trading on Thursday at a closing price of $20.17, with 4.27 million shares of worth about $86.1 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -68.20% during that period and on September 25, 2024 the price saw a loss of about -5.08%. Currently the company’s common shares owned by public are about 57.12M shares, out of which, 56.62M shares are available for trading.
Stock saw a price change of -7.01% in past 5 days and over the past one month there was a price change of -22.81%. Year-to-date (YTD), SEDG shares are showing a performance of -78.45% which decreased to -84.70% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $17.12 but also hit the highest price of $138.16 during that period. The average intraday trading volume for Solaredge Technologies Inc shares is 4.79 million. The stock is currently trading -5.57% below its 20-day simple moving average (SMA20), while that difference is down -15.79% for SMA50 and it goes to -61.96% lower than SMA200.
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Solaredge Technologies Inc (NASDAQ: SEDG) currently have 57.12M outstanding shares and institutions hold larger chunk of about 103.96% of that.
The stock has a current market capitalization of $1.16B and its 3Y-monthly beta is at 1.56. It has posted earnings per share of -$8.99 in the same period. It has Quick Ratio of 2.45 while making debt-to-equity ratio of 0.35. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SEDG, volatility over the week remained 7.04% while standing at 7.72% over the month.
Stock’s fiscal year EPS is expected to drop by -249.06% while it is estimated to increase by 97.75% in next year. EPS is likely to grow at an annualized rate of -12.78% for next 5-years, compared to annual growth of -25.90% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on September 17, 2024 offering an Underperform rating for the stock and assigned a target price range of between $27 and $17 to it. Coverage by Jefferies stated Solaredge Technologies Inc (SEDG) stock as a Hold in their note to investors on September 04, 2024, suggesting a price target of $27 for the stock. On August 29, 2024, William Blair Initiated their recommendations, while on August 08, 2024, TD Cowen Reiterated their ratings for the stock with a price target of $35. Stock get a Neutral rating from ROTH MKM on July 23, 2024.
