Solaredge Technologies Inc (NASDAQ:SEDG)’s traded shares stood at 3.86 million during the last session, with the company’s beta value hitting 1.75. At the close of trading, the stock’s price was $18.54, to imply a decrease of -0.96% or -$0.18 in intraday trading. The SEDG share’s 52-week high remains $78.40, putting it -322.87% down since that peak but still an impressive 44.77% since price per share fell to its 52-week low of $10.24.
Analysts have given a consensus recommendation of Buy for Solaredge Technologies Inc (SEDG), translating to a mean rating of 3.26. Of 25 analyst(s) looking at the stock, 1 analyst(s) give SEDG a Sell rating. 0 of those analysts rate the stock as Overweight while 12 advise Hold as 12 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -1.15.
Solaredge Technologies Inc (NASDAQ:SEDG) trade information
After registering a -0.96% downside in the last session, Solaredge Technologies Inc (SEDG) has traded red over the past five days. The 5-day price performance for the stock is -5.55%, and 31.21% over 30 days. With these gigs, the year-to-date price performance is 36.32%.
The extremes give us $9 and $28 for target low and target high price respectively. As such, SEDG has been trading -51.02% off suggested target high and 51.46% from its likely low.
Solaredge Technologies Inc (SEDG) estimates and forecasts
The rating firms project that company’s revenue will grow 23.70% compared to the previous financial year.
Revenue forecast for the current quarter as set by 23 analysts is 206.22M. Meanwhile, for the current quarter, a total of 23 analyst(s) estimate revenue growth to 256.26M.Earnings reports from the last fiscal year show that sales brought in 204.4M and 265.4M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 0.89% before dropping -3.45% in the following quarter.
SEDG Dividends
Solaredge Technologies Inc has its next earnings report out in March. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Solaredge Technologies Inc (NASDAQ:SEDG)’s Major holders
The next major institution holding the largest number of shares is GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC with 3.34 million shares, or about 5.8891% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $84.33 million.
We also have iShares Core S&P Smallcap ETF and Invesco ETF TR II-Invesco Solar ETF as the top two Mutual Funds with the largest holdings of the Solaredge Technologies Inc (SEDG) shares. Going by data provided on Nov 30, 2024, iShares Core S&P Smallcap ETF holds roughly 3.69 shares. This is just over 6.37% of the total shares, with a market valuation of $68.49 million. Data from the same date shows that the other fund manager holds a little less at 1.68, or 2.90% of the shares, all valued at about 31.16 million.
