Solaredge Technologies Inc (NASDAQ:SEDG) has a beta value of 1.52 and has seen 0.43 million shares traded in the recent trading session. The company, currently valued at $3.41B, closed the recent trade at $59.73 per share which meant it gained $1.53 on the day or 2.63% during that session. The SEDG stock price is -427.94% off its 52-week high price of $315.34 and 10.28% above the 52-week low of $53.59. The 3-month trading volume is 2.27 million shares.
Solaredge Technologies Inc (NASDAQ:SEDG) trade information
Sporting 2.63% in the green today, the stock has traded in the green over the last five days, when the SEDG stock price touched $59.73 or saw a rise of 3.35%. Year-to-date, Solaredge Technologies Inc shares have moved -36.19%, while the 5-day performance has seen it change 9.57%. Over the past 30 days, the shares of Solaredge Technologies Inc (NASDAQ:SEDG) have changed -15.85%.
Solaredge Technologies Inc (SEDG) estimates and forecasts
Figures show that Solaredge Technologies Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -28.39% over the past 6 months, with this year growth rate of -160.92%, compared to -11.00% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -154.10% and -137.80% for the next quarter. Revenue growth from the last financial year stood is estimated to be -49.30%.
26 analysts offering their estimates for the company have set an average revenue estimate of $194.67 million for the current quarter. 25 have an estimated revenue figure of $306.41 million for the next quarter concluding in Jun 2024.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -25.90% over the past 5 years. Earnings growth for 2024 is a modest -157.53% while over the next 5 years, the company’s earnings are expected to increase by 2.83%.
SEDG Dividends
Solaredge Technologies Inc is expected to release its next earnings report in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
