In last trading session, Solaredge Technologies Inc (NASDAQ:SEDG) saw 9.13 million shares changing hands with its beta currently measuring 1.54. Company’s recent per share price level of $13.84 trading at -$0.53 or -3.69% at ring of the bell on the day assigns it a market valuation of $802.03M. That closing price of SEDG’s stock is at a discount of -645.3% from its 52-week high price of $103.15 and is indicating a premium of 26.01% from its 52-week low price of $10.24. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.99 million shares which gives us an average trading volume of 4.92 million if we extend that period to 3-months.

For Solaredge Technologies Inc (SEDG), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 3.03. Splitting up the data highlights that, out of 25 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 12 suggested the stock as a Hold whereas 12 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

Solaredge Technologies Inc (NASDAQ:SEDG) trade information

Upright in the red during last session for losing -3.69%, in the last five days SEDG remained trading in the red while hitting it’s week-highest on Wednesday, 12/18/24 when the stock touched $13.84 price level, adding 13.23% to its value on the day. Solaredge Technologies Inc’s shares saw a change of -85.21% in year-to-date performance and have moved -3.96% in past 5-day. Solaredge Technologies Inc (NASDAQ:SEDG) showed a performance of 27.56% in past 30-days. Number of shares sold short was 19.7 million shares which calculate 3.07 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 24 to the stock, which implies a rise of 42.33% to its current value. Analysts have been projecting 9 as a low price target for the stock while placing it at a high target of 93. It follows that stock’s current price would jump 34.97% in reaching the projected high whereas dropping to the targeted low would mean a gain of 34.97% 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 lost -59.66% of value to its shares in past 6 months, showing an annual growth rate of -508.01% while that of industry is -12.70. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.

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 -25.90% during past 5 years.

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

Insiders are in possession of 1.83% of company’s total shares while institution are holding 104.31 percent of that, with stock having share float percentage of 106.25%. Investors also watch the number of corporate investors in a company very closely, which is 104.31% institutions for Solaredge Technologies Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at SEDG for having 7.92 million shares of worth $200.01 million. And as of 2024-06-30, it was holding 13.857 of the company’s outstanding shares.

The second largest institutional holder is GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC, which was holding about 3.34 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.8424 of outstanding shares, having a total worth of $84.33 million.