In last trading session, SolarEdge Technologies, Inc. (NASDAQ:SEDG) saw 1,143,484 shares changing hands with its beta currently measuring 0.99. Company’s recent per share price level of $335.4 trading at -$10.9 or -3.15% at ring of the bell on the day assigns it a market valuation of $17.18 Billion. That closing price of SEDG’s stock is at a discount of -12.4% from its 52-week high price of $377 and is indicating a premium of 80.02% from its 52-week low price of $67.02. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.36 Million shares which gives us an average trading volume of 1.48 Million if we extend that period to 3-months.
For SolarEdge Technologies, Inc. (SEDG), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.9. Splitting up the data highlights that, out of 19 analysts covering the stock, 3 rated the stock as a Sell while none recommended an Overweight rating for the stock. 10 suggested the stock as a Hold whereas 6 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.88 in the current quarter.
SolarEdge Technologies, Inc. (NASDAQ:SEDG) trade information
In the face of being in the red during last session for losing -3.15%, in the last five days SEDG remained trading in the green while hitting it’s week-highest on Friday, Jan 08 when the stock touched $377 price level, adding 11.03% to its value on the day. SolarEdge Technologies, Inc.’s shares saw a change of 5.1% in year-to-date performance and have moved -3.66% in past 5-day. SolarEdge Technologies, Inc. (NASDAQ:SEDG) showed a performance of 15.06% in past 30-days. Number of shares sold short was 2.77 Million shares which calculate 1.87 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $277.13 to the stock, which implies targetted prices is already lagging behind -17.37% to its current value. Analysts have been projecting $77 as a low price target for the stock while placing it at a high target of $435. It follows that stock’s current price would jump +29.7% in reaching the projected high whereas dropping to the targeted low would mean a loss of -77.04% for stock’s current value.
SolarEdge Technologies, Inc. (SEDG) estimates and forecasts
Statistics highlight that SolarEdge Technologies, Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added +91.82% of value to its shares in past 6 months, showing an annual growth rate of -9.68% while that of industry is 12.1. Apart from that, the company came lowering its revenue forecast for fiscal year 2021. The company is estimating its revenue growth to decline by -46.7% in the current quarter and calculating -2.1% decline in the next quarter. This year revenue growth is estimated to rise 2.2% from the last financial year’s standing.
18 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $355.73 Million for the same. And 17 analysts are in estimates of company making revenue of $386.36 Million in the next quarter that will end on March 01, 2021. Company posted $418.22 Million and $431.22 Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by -14.9% while estimating it to be -10.4% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 39.2% during past 5 years. In 2021, company’s earnings growth rate is likely to be around 8.9% while estimates for its earnings growth in next 5 years are of 20%
SolarEdge Technologies, Inc. (NASDAQ:SEDG)’s Major holders
Insiders are in possession of 2.43% of company’s total shares while institution are holding 89.17% percent of that, with stock having share float percentage of 91.39%. Investors also watch the number of corporate investors in a company very closely, which is 652 institutions for SolarEdge Technologies, Inc. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at SEDG for having 5.37 Million shares of worth $1.28 Billion. And as of September 29, 2020, it was holding 10.49% of the company’s outstanding shares.
The second largest institutional holder is Swedbank, which was holding about 3.11 Million shares on September 29, 2020. The number of shares represents firm’s hold over 6.07% of outstanding shares, having a total worth of $740.38 Million.
On the other hand, iShares Core S&P Midcap ETF and Invesco ETF TR II-Invesco Solar ETF are the top two Mutual Funds which own company’s shares. As of December 30, 2020, the former fund manager was holding 1336327 shares of worth $426.45 Million or 2.61% of the total outstanding shares. The later fund manager was in possession of 990.48 Thousand shares on December 30, 2020, making its stake of worth around $316.08 Million in the company or a holder of 1.93% of company’s stock.
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