In last trading session, Solaredge Technologies Inc (NASDAQ:SEDG) saw 2.42 million shares changing hands with its beta currently measuring 1.64. Company’s recent per share price level of $15.06 trading at -$0.75 or -4.74% at ring of the bell on the day assigns it a market valuation of $885.26M. That closing price of SEDG’s stock is at a discount of -388.71% from its 52-week high price of $73.60 and is indicating a premium of 32.01% 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 3.34 million shares which gives us an average trading volume of 4.71 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 3.26. 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 -1.16 in the current quarter.
Solaredge Technologies Inc (NASDAQ:SEDG) trade information
Upright in the red during last session for losing -4.74%, in the last five days SEDG remained trading in the red while hitting it’s week-highest on Monday, 03/10/25 when the stock touched $15.06 price level, adding 16.1% to its value on the day. Solaredge Technologies Inc’s shares saw a change of 10.74% in year-to-date performance and have moved -5.99% in past 5-day. Solaredge Technologies Inc (NASDAQ:SEDG) showed a performance of 12.64% in past 30-days. Number of shares sold short was 21.85 million shares which calculate 4.4 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 17 to the stock, which implies a rise of 11.41% 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 40.24% in reaching the projected high whereas dropping to the targeted low would mean a gain of 40.24% for stock’s current value.
Solaredge Technologies Inc (SEDG) estimates and forecasts
This year revenue growth is estimated to rise 22.72% 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 206.17M for the same. And 23 analysts are in estimates of company making revenue of 253.49M in the next quarter. Company posted 204.4M and 265.4M of sales in current and next quarters respectively a year earlier.
Solaredge Technologies Inc (NASDAQ:SEDG)’s Major holders
Insiders are in possession of 1.86% of company’s total shares while institution are holding 101.81 percent of that, with stock having share float percentage of 103.73%. Investors also watch the number of corporate investors in a company very closely, which is 101.81% 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 5.8891 of outstanding shares, having a total worth of $84.33 million.
On the other hand, iShares Core S&P Smallcap ETF and Invesco ETF TR II-Invesco Solar ETF are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024 , the former fund manager was holding 3.74 shares of worth $56.33 million or 6.36% of the total outstanding shares. The later fund manager was in possession of 1.67 shares on Dec 31, 2024 , making its stake of worth around $25.17 million in the company or a holder of 2.84% of company’s stock.
