Solaredge Technologies Inc (SEDG) concluded trading on Thursday at a closing price of $13.58, with 5.1 million shares of worth about $69.28 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -46.79% during that period and on January 23, 2025 the price saw a gain of about 4.06%. Currently the company’s common shares owned by public are about 57.18M shares, out of which, 56.59M shares are available for trading.
Stock saw a price change of -6.34% in past 5 days and over the past one month there was a price change of 3.59%. Year-to-date (YTD), SEDG shares are showing a performance of -0.15% which decreased to -81.10% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.24 but also hit the highest price of $87.98 during that period. The average intraday trading volume for Solaredge Technologies Inc shares is 5.46 million. The stock is currently trading -6.53% below its 20-day simple moving average (SMA20), while that difference is down -1.07% for SMA50 and it goes to -52.18% lower than SMA200.
Solaredge Technologies Inc (NASDAQ: SEDG) currently have 57.18M outstanding shares and institutions hold larger chunk of about 101.70% of that.
The stock has a current market capitalization of $786.96M and its 3Y-monthly beta is at 1.55. It has posted earnings per share of -$29.05 in the same period. It has Quick Ratio of 1.46 while making debt-to-equity ratio of 0.79. 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 6.76% while standing at 8.76% over the month.
Analysts are in expectations that Solaredge Technologies Inc (SEDG) stock would likely to be making an EPS of -1.64 in the current quarter, while forecast for next quarter EPS is -1.27 and it is -2.62 for next year. For the current quarter EPS, analysts have given the company a lowest target -2.9 which is -0.91 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -0.92 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -580.55% while it is estimated to increase by 85.67% in next year.
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 Citigroup on January 08, 2025 offering a Sell rating for the stock and assigned a target price range of between $12 and $9 to it. Coverage by Goldman stated Solaredge Technologies Inc (SEDG) stock as a Buy in their note to investors on December 17, 2024, suggesting a price target of $19 for the stock. On November 20, 2024, Guggenheim Upgrade their recommendations, while on November 15, 2024, Morgan Stanley Downgrade their ratings for the stock with a price target of $9. Stock get a Hold rating from TD Cowen on November 07, 2024.
