Solaredge Technologies Inc (NASDAQ:SEDG)’s traded shares stood at 10.69 million during the last session, with the company’s beta value hitting 1.52. At the close of trading, the stock’s price was $12.10, to imply a decrease of -1.14% or -$0.14 in intraday trading. The SEDG share’s 52-week high remains $103.15, putting it -752.48% down since that peak but still an impressive -0.08% since price per share fell to its 52-week low of $12.11. The company has a valuation of $701.20M, with an average of 7.01 million shares in intraday trading volume over the past 10 days and average of 4.18 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Solaredge Technologies Inc (SEDG), translating to a mean rating of 3.26. Of 25 analyst(s) looking at the stock, 1 analyst(s) give SEDG a Sell rating. 0 of those analysts rate the stock as Overweight while 12 advise Hold as 12 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -1.48.
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Solaredge Technologies Inc (NASDAQ:SEDG) trade information
After registering a -1.14% downside in the last session, Solaredge Technologies Inc (SEDG) has traded red over the past five days. The 5-day price performance for the stock is -17.55%, and -33.48% over 30 days. With these gigs, the year-to-date price performance is -87.07%. Short interest in Solaredge Technologies Inc (NASDAQ:SEDG) saw shorts transact 19.16 million shares and set a 5.25 days time to cover.
The extremes give us $15 and $490 for target low and target high price respectively. As such, SEDG has been trading -3949.59% off suggested target high and -23.97% from its likely low.
Solaredge Technologies Inc (SEDG) estimates and forecasts
Looking at statistics comparing Solaredge Technologies Inc share performance against respective industry, we note that the company has underperformed competitors. Solaredge Technologies Inc (SEDG) shares are -76.44% down over the last 6 months, with its year-to-date growth rate lower than industry average at -471.84% against -18.60%. Revenue is forecast to shrink -60.68% this quarter before jumping 33.54% for the next one. The rating firms project that company’s revenue will shrink -69.07% compared to the previous financial year.
Revenue forecast for the current quarter as set by 20 analysts is 188.79M. Meanwhile, for the current quarter, a total of 20 analyst(s) estimate revenue growth to 227.2M.Earnings reports from the last fiscal year show that sales brought in 316.04M and 204.4M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -40.26% before jumping 11.15% in the following quarter.
SEDG Dividends
Solaredge Technologies Inc has its next earnings report out on 2025-Feb-18. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Solaredge Technologies Inc (NASDAQ:SEDG)’s Major holders
Solaredge Technologies Inc insiders hold 1.12% of total outstanding shares, with institutional holders owning 104.27% of the shares at 105.45% float percentage. In total, 104.27% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 7.92 million shares (or 13.857% of shares), all amounting to roughly $200.01 million.
The next major institution holding the largest number of shares is GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC with 3.34 million shares, or about 5.8424% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $84.33 million.
