Solaredge Technologies Inc (NASDAQ:SEDG) has a beta value of 1.57 and has seen 2.17 million shares traded in the recent trading session. The company, currently valued at $1.07B, closed the recent trade at $18.39 per share which meant it gained $2.1 on the day or 12.89% during that session. The SEDG stock price is -378.41% off its 52-week high price of $87.98 and 44.32% above the 52-week low of $10.24. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.35 million shares traded. The 3-month trading volume is 5.25 million shares.
The consensus among analysts is that Solaredge Technologies Inc (SEDG) is Buy stock at the moment, with a recommendation rating of 3.15. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 12 out of 25 have rated it as a Hold, with 12 advising it as a Buy. 0 have rated the stock as Underweight.
Solaredge Technologies Inc (NASDAQ:SEDG) trade information
Sporting 12.89% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the SEDG stock price touched $18.39 or saw a rise of 3.21%. Year-to-date, Solaredge Technologies Inc shares have moved 35.22%, while the 5-day performance has seen it change 35.52%. Over the past 30 days, the shares of Solaredge Technologies Inc (NASDAQ:SEDG) have changed 46.07%. Short interest in the company has seen 22.01 million shares shorted with days to cover at 4.27.
Wall Street analysts have a consensus price target for the stock at $23.5, which means that the shares’ value could jump 21.74% from the levels at last check today.. The projected low price target is $9.0 while the price target rests at a high of $93.0. In that case, then, we find that the latest price level in today’s session is -405.71% off the targeted high while a plunge would see the stock lose 51.06% from the levels at last check today..
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 -31.56% over the past 6 months, with this year growth rate of -563.35%, compared to -13.50% for the industry.
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.
SEDG Dividends
Solaredge Technologies Inc is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Solaredge Technologies Inc (NASDAQ:SEDG)’s Major holders
Insiders own 1.83% of the company shares, while shares held by institutions stand at 103.35% with a share float percentage of 105.28%. Investors are also buoyed by the number of investors in a company, with Solaredge Technologies Inc having a total of 485.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 7.92 million shares worth more than $200.01 million. As of 2024-06-30, BLACKROCK INC. held 13.857% of shares outstanding.
The other major institutional holder is GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC, with the holding of over 3.34 million shares as of 2024-06-30. The firm’s total holdings are worth over $84.33 million and represent 5.8424% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Invesco ETF TR II-Invesco Solar ETF . As of Oct 31, 2024 , the former fund manager holds about 6.29% shares in the company for having 3.64 shares of worth $66.13 million while later fund manager owns 1.65 shares of worth $29.98 million as of Oct 31, 2024 , which makes it owner of about 2.85% of company’s outstanding stock.
