Currently, there are 57.18M common shares owned by the public and among those 56.85M shares have been available to trade.
The company’s stock has a 5-day price change of 18.04% and -19.08% over the past three months. SEDG shares are trading 19.78% year to date (YTD), with the 12-month market performance down to -80.33% lower. It has a 12-month low price of $10.24 and touched a high of $87.98 over the same period. SEDG has an average intraday trading volume of 5.15 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 15.44%, 14.50%, and -47.97% respectively.
Institutional ownership of Solaredge Technologies Inc (NASDAQ: SEDG) shares accounts for 100.71% of the company’s 57.18M shares outstanding.
It has a market capitalization of $974.63M and a beta (3y monthly) value of 1.56. The earnings-per-share (ttm) stands at -$29.05. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.26% over the week and 10.11% over the month.
Earnings per share for the fiscal year are expected to decrease by -578.76%, and 85.81% over the next financial year.
Looking at the support for the SEDG, a number of firms have released research notes about the stock. Goldman stated their Buy rating for the stock in a research note on December 17, 2024, with the firm’s price target at $10-$19. Morgan Stanley was of a view on November 15, 2024 that the stock is Underweight, while TD Cowen gave the stock Hold rating on November 07, 2024, issuing a price target of $16- $11. Piper Sandler on their part issued Underweight rating on November 07, 2024.
