Solaredge Technologies Inc (NASDAQ:SEDG) has a beta value of 1.63 and has seen 0.57 million shares traded in the recent trading session. The company, currently valued at $892.02M, closed the recent trade at $15.18 per share which meant it lost -$0.67 on the day or -4.26% during that session. The SEDG stock price is -384.85% off its 52-week high price of $73.60 and 32.54% above the 52-week low of $10.24. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.11 million shares traded. The 3-month trading volume is 4.04 million shares.
The consensus among analysts is that Solaredge Technologies Inc (SEDG) is Buy stock at the moment, with a recommendation rating of 3.34. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 12 out of 25 have rated it as a Hold, with 12 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -1.16.
Solaredge Technologies Inc (NASDAQ:SEDG) trade information
Sporting -4.26% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the SEDG stock price touched $15.18 or saw a rise of 14.86%. Year-to-date, Solaredge Technologies Inc shares have moved 11.58%, while the 5-day performance has seen it change -11.77%. Over the past 30 days, the shares of Solaredge Technologies Inc (NASDAQ:SEDG) have changed -7.97%. Short interest in the company has seen 21.25 million shares shorted with days to cover at 3.95.
Wall Street analysts have a consensus price target for the stock at $15, which means that the shares’ value could drop -1.2% from the levels at last check today.. The projected low price target is $9.0 while the price target rests at a high of $28.0. In that case, then, we find that the latest price level in today’s session is -84.45% off the targeted high while a plunge would see the stock lose 40.71% from the levels at last check today..
Solaredge Technologies Inc (SEDG) estimates and forecasts
The company’s shares have lost -29.78% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 22.23%.
24 analysts offering their estimates for the company have set an average revenue estimate of 205.55M for the current quarter. 23 have an estimated revenue figure of 252M for the next ending quarter. Year-ago sales stood 204.4M and 265.4M respectively for this quarter and the next, and analysts expect sales will grow by 0.56% for the current quarter and 22.23% for the next.
SEDG Dividends
Solaredge Technologies Inc is expected to release its next earnings report on 2025-Feb-18 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Solaredge Technologies Inc (NASDAQ:SEDG)’s Major holders
Insiders own 1.86% of the company shares, while shares held by institutions stand at 101.93% with a share float percentage of 103.86%. Investors are also buoyed by the number of investors in a company, with Solaredge Technologies Inc having a total of 455.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 7.92 million shares worth more than $200.01 million. As of 2024-06-30, BLACKROCK INC. held 13.9677% of shares outstanding.
The other major institutional holder is GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC, with the holding of over 3.34 million shares as of 2024-06-30. The firm’s total holdings are worth over $84.33 million and represent 5.8891% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Trust-iShares Core S&P Small-Cap ETF and Invesco Exchange-Traded Fund Trust II-Invesco Solar ETF . As of Feb 28, 2025 , the former fund manager holds about 6.28% shares in the company for having 3.69 shares of worth $55.71 million while later fund manager owns 1.66 shares of worth $25.04 million as of Feb 28, 2025 , which makes it owner of about 2.82% of company’s outstanding stock.
