Currently, there are 58.03M common shares owned by the public and among those 57.61M shares have been available to trade.
The company’s stock has a 5-day price change of -6.25% and -4.74% over the past three months. SEDG shares are trading -4.04% year to date (YTD), with the 12-month market performance down to -77.26% lower. It has a 12-month low price of $10.24 and touched a high of $64.04 over the same period. SEDG has an average intraday trading volume of 3.83 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 -8.84%, -16.40%, and -27.61% respectively.
Institutional ownership of Solaredge Technologies Inc (NASDAQ: SEDG) shares accounts for 98.12% of the company’s 58.03M shares outstanding.
It has a market capitalization of $770.51M and a beta (3y monthly) value of 1.53. The earnings-per-share (ttm) stands at -$31.20. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.64% over the week and 10.98% over the month.
Analysts forecast that Solaredge Technologies Inc (SEDG) will achieve an EPS of -1.16 for the current quarter, -0.92 for the next quarter and 0.41 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -1.59 while analysts give the company a high EPS estimate of -1.59. Comparatively, EPS for the current quarter was -1.9 a year ago. Earnings per share for the fiscal year are expected to increase by 87.44%, and 107.80% over the next financial year.
Looking at the support for the SEDG, a number of firms have released research notes about the stock. Morgan Stanley stated their Equal-Weight rating for the stock in a research note on February 20, 2025, with the firm’s price target at $11-$18. Northland Capital coverage for the Solaredge Technologies Inc (SEDG) stock in a research note released on February 20, 2025 offered a Under Perform rating with a price target of $15. BMO Capital Markets was of a view on February 20, 2025 that the stock is Underperform, while Citigroup gave the stock Sell rating on January 08, 2025, issuing a price target of $12- $9. Goldman on their part issued Buy rating on December 17, 2024.
