In the latest trading session, 0.69 million Solaredge Technologies Inc (NASDAQ:SEDG) shares changed hands as the company’s beta touched 1.79. With the company’s most recent per share price at $18.32 changing hands around $0.7 or 3.97% at last look, the market valuation stands at $1.06B. SEDG’s current price is a discount, trading about -327.95% off its 52-week high of $78.40. The share price had its 52-week low at $10.24, which suggests the last value was 44.1% up since then.
Analysts gave the Solaredge Technologies Inc (SEDG) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.26. If we narrow down to specifics, the data shows that 1 out of 25 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 12 recommended SEDG as a Hold, 12 felt it is a Buy and 0 rated the stock as Underweight. Solaredge Technologies Inc’s EPS for the current quarter is expected to be -1.16.
Solaredge Technologies Inc (NASDAQ:SEDG) trade information
Instantly SEDG is in green as seen in intraday trades today. With action 11.98%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 34.71%, with the 5-day performance at 11.98% in the green. However, in the 30-day time frame, Solaredge Technologies Inc (NASDAQ:SEDG) is 34.90% up.
The consensus price target for the stock as assigned by Wall Street analysts is 20, meaning bulls need an upside of 8.4% from its recent market value. According to analyst projections, SEDG’s forecast low is 9 with 28 as the target high. To hit the forecast high, the stock’s price needs a -52.84% plunge from its current level, while the stock would need to tank 50.87% for it to hit the projected low.
Solaredge Technologies Inc (SEDG) estimates and forecasts
Year-over-year growth is forecast to reach 23.70% up from the last financial year.
Consensus estimates given by 23 financial analysts project the company’s revenue in the current quarter to hit an average of 206.22M. 23 analysts are of the opinion that Solaredge Technologies Inc’s revenue for the current quarter will be 256.26M. The company’s revenue for the corresponding quarters a year ago was 204.4M and 265.4M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 0.89%. The estimates for the next quarter sales put growth at -3.45%.
The 2025 estimates are for Solaredge Technologies Inc earnings to increase by 87.53%.
Solaredge Technologies Inc (NASDAQ:SEDG)’s Major holders
GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC holds the second largest percentage of outstanding shares, with 5.8891% or 3.34 million shares worth $84.33 million as of 2024-06-30.
Among Mutual Funds, the top two as of Nov 30, 2024 were iShares Core S&P Smallcap ETF and Invesco ETF TR II-Invesco Solar ETF. With 3.69 shares estimated at $67.53 million under it, the former controlled 6.37% of total outstanding shares. On the other hand, Invesco ETF TR II-Invesco Solar ETF held about 2.90% of the shares, roughly 1.68 shares worth around $30.73 million.
