In the last trading session, 6.9 million shares of the Solaredge Technologies Inc (NASDAQ:SEDG) were traded, and its beta was 1.54. Most recently the company’s share price was $14.28, and it changed around $1.5 or 11.74% from the last close, which brings the market valuation of the company to $840.01M. SEDG currently trades at a discount to its 52-week high of $103.15, offering almost -622.34% off that amount. The share price’s 52-week low was $10.24, which indicates that the current value has risen by an impressive 28.29% since then. We note from Solaredge Technologies Inc’s average daily trading volume that its 10-day average is 4.95 million shares, with the 3-month average coming to 4.87 million.

Solaredge Technologies Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.27. If we narrow it down even further, the data shows that 2 out of 34 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 26 recommended SEDG as a Hold, whereas 1 deemed it a Buy, and 4 rated it as Underweight. Solaredge Technologies Inc is expected to report earnings per share of -1.5 for the current quarter.

Solaredge Technologies Inc (NASDAQ:SEDG) trade information

Instantly SEDG has showed a green trend with a performance of 11.74% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 15.62 on recent trading dayincreased the stock’s daily price by 8.58%. The company’s shares are currently down -84.74% year-to-date, but still down -10.13% over the last five days. On the other hand, Solaredge Technologies Inc (NASDAQ:SEDG) is -4.03% down in the 30-day period. We can see from the shorts that 19.4 million shares have been sold at a short interest cover period of 3.14 day(s).

The consensus price target as assigned by Wall Street analysts is $24, which translates to bulls needing to increase their stock price by 40.5% from its current value. Analyst projections state that SEDG is forecast to be at a low of $9 and a high of $93.

Solaredge Technologies Inc (SEDG) estimates and forecasts

Solaredge Technologies Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -69.55 percent over the past six months and at a -508.01% annual growth rate that is well below the industry average of -21.00%. The year-over-year growth rate is expected to be -69.11%, down from the previous year.

Consensus estimates provided by 21 financial analysts predict the company will bring in an average of 187.34M in revenue for the current quarter. 20 analysts expect Solaredge Technologies Inc to make 218.87M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 316.04M and 204.4M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -40.72%. Forecasts for the next quarter put sales growth at 7.08%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -25.90%.

SEDG Dividends

Solaredge Technologies Inc’s next quarterly earnings report is expected to be released in January.

Solaredge Technologies Inc (NASDAQ:SEDG)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 1.42% of Solaredge Technologies Inc shares, and 104.38% of them are in the hands of institutional investors. The stock currently has a share float of 105.89%. Solaredge Technologies Inc stock is held by 505.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 13.857% of the shares, which is about 7.92 million shares worth $200.01 million.

GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC, with 5.8424% or 3.34 million shares worth $84.33 million as of 2024-06-30, holds the second largest percentage of outstanding shares.