In last trading session, Solaredge Technologies Inc (NASDAQ:SEDG) saw 30.84 million shares changing hands with its beta currently measuring 1.84. Company’s recent per share price level of $19.63 trading at $2.7 or 15.95% at ring of the bell on the day assigns it a market valuation of $1.14B. That closing price of SEDG’s stock is at a discount of -331.43% from its 52-week high price of $84.69 and is indicating a premium of 47.83% from its 52-week low price of $10.24.
For Solaredge Technologies Inc (SEDG), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 3.13. 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. The company is expected to be making an EPS of -1.21 in the current quarter.
Solaredge Technologies Inc (NASDAQ:SEDG) trade information
Upright in the green during last session for gaining 15.95%, in the last five days SEDG remained trading in the green while hitting it’s week-highest on Wednesday, 02/19/25 when the stock touched $19.63 price level, adding 17.42% to its value on the day. Solaredge Technologies Inc’s shares saw a change of 44.34% in year-to-date performance and have moved 46.82% in past 5-day. Solaredge Technologies Inc (NASDAQ:SEDG) showed a performance of 41.12% in past 30-days.
Wall Street analysts have assigned a consensus price target of 20 to the stock, which implies a rise of 1.85% 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 28. It follows that stock’s current price would jump 54.15% in reaching the projected high whereas dropping to the targeted low would mean a gain of 54.15% for stock’s current value.
Solaredge Technologies Inc (SEDG) estimates and forecasts
This year revenue growth is estimated to rise 25.36% from the last financial year’s standing.
24 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 203.96M for the same. And 22 analysts are in estimates of company making revenue of 256.26M in the next quarter. Company posted 204.4M and 265.4M of sales in current and next quarters respectively a year earlier.
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
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 5.8891 of outstanding shares, having a total worth of $84.33 million.
