During the last session, Solaredge Technologies Inc (NASDAQ:SEDG)’s traded shares were 3.57 million, with the beta value of the company hitting 1.65. At the end of the trading day, the stock’s price was $16.10, reflecting an intraday loss of -6.88% or -$1.19. The 52-week high for the SEDG share is $73.60, that puts it down -357.14 from that peak though still a striking 36.4% gain since the share price plummeted to a 52-week low of $10.24. The company’s market capitalization is $946.40M, and the average intraday trading volume over the past 10 days was 2.06 million shares, and the average trade volume was 4.12 million shares over the past three months.
Solaredge Technologies Inc (SEDG) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.33. SEDG has a Sell rating from 1 analyst(s) out of 25 analysts who have looked at this stock. 12 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 12 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -1.16.
Solaredge Technologies Inc (NASDAQ:SEDG) trade information
Solaredge Technologies Inc (SEDG) registered a -6.88% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -6.88% in intraday trading to $16.10, hitting a weekly high. The stock’s 5-day price performance is -5.18%, and it has moved by -14.00% in 30 days. Based on these gigs, the overall price performance for the year is -75.12%. The short interest in Solaredge Technologies Inc (NASDAQ:SEDG) is 21.25 million shares and it means that shorts have 3.95 day(s) to cover.
The consensus price target of analysts on Wall Street is $15, which implies a decrease of -7.33% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $9 and $28 respectively. As a result, SEDG is trading at a discount of -73.91% off the target high and 44.1% off the low.
Solaredge Technologies Inc (SEDG) estimates and forecasts
In the rating firms’ projections, revenue will increase 22.72% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 206.17M as predicted by 24 analyst(s). Meanwhile, a consensus of 23 analyst(s) estimates revenue growth to 253.49M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 204.4M and 265.4M respectively. In this case, analysts expect current quarter sales to grow by 0.87% and then drop by -4.49% in the coming quarter.
While earnings are projected to return 87.98% in 2025.
SEDG Dividends
Solaredge Technologies Inc is due to release its next quarterly earnings on 2025-Feb-18. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Solaredge Technologies Inc (NASDAQ:SEDG)’s Major holders
Solaredge Technologies Inc insiders own 1.86% of total outstanding shares while institutional holders control 101.79%, with the float percentage being 103.71%. BLACKROCK INC. is the largest shareholder of the company, while 455.0 institutions own stock in it. As of 2024-06-30, the company held over 7.92 million shares (or 13.9677% of all shares), a total value of $200.01 million in shares.
The next largest institutional holding, with 3.34 million shares, is of GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC’s that is approximately 5.8891% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $84.33 million.
Also, the Mutual Funds coming in first place with the largest holdings of Solaredge Technologies Inc (SEDG) shares are iShares Core S&P Small-Cap ETF and Invesco Solar ETF . Data provided on Feb 28, 2025 indicates that iShares Core S&P Small-Cap ETF owns about 3.69 shares. This amounts to just over 6.28 percent of the company’s overall shares, with a $59.47 million market value. The same data shows that the other fund manager holds slightly less at 1.66, or about 2.82% of the stock, which is worth about $26.73 million.
